If the current short-run equilibrium level of output is greater than full employment output, we can then expect that in the long run the:

b. the price level will rise.

Explanation:

If the current short run equilibrium level of output is higher than full employment, this means that the country is using more resources than it has and this is not sustainable.

In the long run therefore, supply in the economy will decrease as producers produce less and this will force the Short Run Aggregate Supply curve to shift left. The new equilibrium will then be at a higher price level.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to