In the Short-Run, an Increase in the Price of Raw

question 276

Multiple Choice

In the short-run, an increase in the price of raw materials will ___________the price level and___________ real GDP.

• A) lower; increase
• B) lower; decrease
• C) raise; decrease
• D) raise; increase

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Definitions:

Prosody

Melodic tone of the speaking voice.

Tone of Voice

The quality or characteristic of a voice that conveys the speaker's emotions or intentions.

Panic Disorder

Recurrent attacks of intense terror that come on without warning and without any apparent relationship to external circumstances.

Population

A group of individuals of the same species living and interacting within a specific area at a given time.