According to the AS-AD model, which of the following is true about output when there is anincrease in the ADand no other change? (Select all that are true)
There is a decrease in output in the short run
There is an increase in output in the long run
There is an increase in output in the short run
There is no change in output in the long run
There is no change in output in the short run
There is a decrease in output in
the long run
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