Beginning at a Long- Run Equilibrium, an Increase in Aggregate

question 127

Multiple Choice

Beginning at a long- run equilibrium, an increase in aggregate demand

• A)increases the price level and in the long run increases real GDP.
• B)increases the price level, but in the long run there is no change in real GDP.
• C)increases the price level and in the long run decreases real GDP.
• D)decreases the price level and in the long run increases real GDP.
• E)decreases the price level and in the long run decreases real GDP.

Identify and describe significant life events that occur within the adult life cycle.

Comprehend the concept of inflation and its impact on the economy.

Learn and apply the Rule of 72 to understand the relationship between inflation rate and the doubling of prices.

Understand the sequential steps in the appraisal process.

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Definitions:

Price Lists

Documents or databases that detail the prices of goods and services offered by a company.

Conflict Minerals

Natural resources mined in areas where the sales are used to fund armed conflict, human rights abuses, or other violations.

Due Diligence

The comprehensive investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.

Supply Chains

A network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of raw materials from the supplier to the manufacturer, and ultimately to the end user.