Which of the Following Would Cause Both an Increase in the Price

question 13

Multiple Choice

Which of the following would cause both an increase in the price level and an increase in real output?

• A)A tax hike.
• B)A decrease in production costs.
• C)An increase in transfer payments.
• D)A decrease in government spending.

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Definitions:

Commercial

Related to or engaged in commerce, involving the buying and selling of goods and services.

France

A country located in Western Europe known for its rich history, cultural significance, and influential role in global affairs.

High-level Radioactive Wastes

Extremely hazardous materials that remain radioactive for long periods, primarily produced from the spent fuel of nuclear reactors.

Technological Impossibility

A situation or condition where a desired technological solution cannot be achieved with current scientific knowledge or resources.