If the Economy's AS Curve Is Upward Sloping,a Positive Aggregate

question 86

Multiple Choice

If the economy's AS curve is upward sloping,a positive aggregate demand shock will result in

• A)an increase in prices but not output.
• B)an increase in output but not prices.
• C)an increase in both output and prices.
• D)a decrease in both output and prices.
• E)a decrease in output and an increase in prices.

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Definitions:

Relative Frequency Histogram

A type of histogram that displays the relative frequencies of different categories of data, showing the proportion of data that falls into each category rather than the raw count.

Frequency Histogram

A graphical representation showing the frequency of various outcomes in a dataset, usually with bars.

Frequency Distribution

A statistical representation that shows the number of occurrences of each value in a dataset, often displayed in a table or graph.

Class Width

The difference between the upper and lower boundaries of a class interval in frequency distribution.