An Increase in the Expected Price Level

question 50

Multiple Choice

An increase in the expected price level

• A)shifts the short-run aggregate supply curve up and to the left.
• B)shifts the short-run aggregate supply curve down and to the right.
• C)has no effect on the short-run aggregate supply curve.
• D)results in a movement along the short-run aggregate supply curve, rather than a shift in the short-run aggregate supply curve.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially the order of words.

Critical Period

A specific time during development when the presence or absence of certain experiences can have profound and irreversible effects on the development of the brain and behavior.

Language

A method of conveyance specific to a certain community or nation, characterized by the structured and customary arrangement of words.

Linguistic Determinism

The hypothesis that language shapes the way its speakers think and perceive the world.