An Increase in the Price Level

question 22

Multiple Choice

An increase in the price level

• A)shifts the AE curve downward and decreases equilibrium expenditure.
• B)shifts the AE curve downward and increases equilibrium expenditure.
• C)has no impact on the AE curve.
• D)shifts the AE curve upward and increases equilibrium expenditure.
• E)shifts the AE curve upward and decreases equilibrium expenditure.

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Definitions:

Pregnancy

The condition of being pregnant, involving the development of a fetus in a woman's uterus.

Erectile Tissue

Specialized tissue that can become erect when filled with blood, found in the penis, clitoris, and nipples.

Homologous

Relating to or derived from a similar origin, especially referring to structures that have the same evolutionary background but may serve different functions.

Cul-de-sac

A blind alley or dead-end street, but in anatomy, it refers to a sac- or pouch-like cavity or space that is closed at one end.