Using Figure 8

question 1

Multiple Choice

Using Figure 8.7,a shift in aggregate demand from AD₄ to AD₅ is most likely to cause

• A)An increase in real output and an increase in the price level.
• B)An increase in real output but no change in the price level.
• C)An increase in price level but no change in real output.
• D)A decrease in price level but no change in real output.

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Definitions:

Gantt Load Chart

A graphical representation of a project schedule, showing the start and finish dates of elements as well as their relationships to each other.

Service Systems

The configuration of people, technology, organizations, and information designed to deliver services that create value for the service provider and its customers.

Assignment Method

A mathematical technique used in operations research and decision making to allocate resources or tasks to recipients or jobs in an optimal way.