Answer:
real GDP will remain the same and price level will increase
Explanation:
Answer:
real GDP will remain the same and price level will increase
Explanation:
Long-run equilibrium occurs at the intersection of the aggregate demand curve and the long-run aggregate supply curve. Because the long-run supply curve is vertical, output does not change. Therefore, when the aggregate demand curve shifts to the right, Real GDP will remain the same but price level will increase
