What determines the equilibrium price level and real GDP? In the
short run, a shift in aggregate demand establishes a new, but
temporary, equilibrium along the short-run aggregate supply curve.
TRUE or FALSE? Please Explain your Answer. In the long run, the
short-run aggregate supply curves shifts so that changes in
aggregate demand determine the price level but not the equilibrium
level of output or real GDP. TRUE or FALSE? Please explain your
answer. Propose three functions of the Federal...