Assuming an Upward-Sloping AS Curve,if an Economy Is at Full

question 76

Multiple Choice

Assuming an upward-sloping AS curve,if an economy is at full employment and investment spending decreases while all other levels of spending remaining constant,then the price level

• A)Increases and output decreases.
• B)Decreases and output decreases.
• C)Increases and output increases.
• D)Decreases and output increases.

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Definitions:

Chattel

An item of personal property that is movable, as opposed to real estate or real property.

Tangible Personal Property

Physical items owned by individuals or businesses, excluding real estate and intangible assets.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Land Registration

The process of recording the ownership, possession, and other rights of land into an official register to ensure legal certainty and protect property rights.