Answer to Question #251206 in Economics for Millicent

Question #251206

If foreign income decreases and the domestic economy is at potential output, then domestic aggregate demand will __________ in the short run and domestic aggregate supply will __________ in the long run.

Select one:

a. Decrease not change

b. Increase, not change

c. Increase, increase

d. Decrease, decrease


1
Expert's answer
2021-10-24T18:09:02-0400

b. Increase, not change


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