If Constant-Dollar National Income Decreased by $6 Billion Over a One-Year

question 111

Multiple Choice

If constant-dollar national income decreased by $6 billion over a one-year period,then it must be true that

• A)output of every product decreased.
• B)the price level decreased.
• C)aggregate output decreased.
• D)aggregate output decreased and the price level increased.
• E)aggregate output increased and the price level decreased.

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Definitions:

Common Bile Duct

A duct that carries bile from the liver and gallbladder to the duodenum, playing a critical role in digestion by introducing bile to the intestinal tract.

Gallbladder

Pear-shaped receptacle on the inferior surface of the liver; serves as a storage reservoir for bile.

Hepatic Ducts

Ducts within the liver that convey bile to the gallbladder and duodenum.

Gallbladder

A small organ located under the liver that stores and concentrates bile, a digestive fluid produced by the liver.