If the Economy's Short-Run Aggregate Supply Curve Is Upward Sloping

question 102

Multiple Choice

If the economy's short-run aggregate supply curve is upward sloping, an increase in
Aggregate demand will cause

• A) an increase in the price level and employment.
• B) a decrease in the price level and employment.
• C) an increase in the price level and a decrease in employment.
• D) a decrease in the price level and an increase in employment.

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Definitions:

English

A West Germanic language originating in England, now the primary language of several countries and a global lingua franca for business, science, and diplomacy.

International Business

Engaging in commerce and trade activities that cross national boundaries, involving different cultures and economic systems.

Localization Approach

A strategy used by businesses that adapt their products, services, and operations to meet the cultural, regulatory, and market needs of different geographic locations.

Balance Sheet Approach

A method in international human resource management that aims to equalize the standard of living between the host country and the home country of an expatriate.