In the ____ model, increases in aggregate demand may or may not be effective in ____ equilibrium output. It depends upon whether the economy is ____ full employment or at ____ employment. ____ economists believe that ____ in aggregate demand will initially increase both ____ and ____. Over time prices will continue to ____ but output will ____ as the economy moves back towards ____ equilibrium. In the long term, an increase in aggregate demand will only lead to an increase in the ____. There will be no effect on ____ So increases in aggregate demand without any change in long run aggregate supply are purely ____
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Clairemwathi06
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Economics
Economic growth
Unemployment
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