What can we infer about the behavior of prices over time

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Using the aggregate supply-aggregate demand model, explain how output and prices are determined. Will output vary or stay fixed in the long run? Suppose the aggregate demand curve were to remain fixed: What can we infer about the behavior of prices over time?

Reference no: EM131145082

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What can we infer about the behavior of prices over time : Using the aggregate supply-aggregate demand model, explain how output and prices are determined. Will output vary or stay fixed in the long run? Suppose the aggregate demand curve were to remain fixed: What can we infer about the behavior of price..

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