Which of the Following Will Reduce the Price Level and Raise

question 43

Multiple Choice

Which of the following will reduce the price level and raise real output?

• A) an adjustment of prices to equilibrium
• B) an increase in wage rates
• C) the short-run aggregate supply curve becoming steeper
• D) technical progress

---

Definitions:

Compound

An entity produced through the chemical synthesis of several elements in constant ratios.

Mechanism

The detailed process or steps through which a chemical reaction occurs, explaining how reactants are transformed into products.

Reaction

A process in which substances, the reactants, transform into different substances, the products, through breaking and forming of chemical bonds.

Organic Chemistry

The scientific study of the structure, properties, composition, reactions, and synthesis of organic compounds that contain carbon in covalent bonding.