According to keynesian theorya the long-run and short-run, Ask an Expert

Economics

According to Keynesian theory:

A) The long-run and short-run aggregate supply curves are identical.

B) A decrease in aggregate demand leads to decreases in output and prices.

C) A decrease in aggregate demand will decrease prices, but not output.

D) The short run is relatively unimportant

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91238922

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