Other Things Being Equal, When the Domestic Price Level Rises

question 49

Multiple Choice

Other things being equal, when the domestic price level rises exogenously,

• A)imports of foreign goods fall.
• B)Canadian goods become more expensive relative to foreign goods.
• C)the aggregate expenditure function shifts upward.
• D)the net export function shifts upward.
• E)the desired investment function shifts upward.

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Definitions:

Organization

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Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods such as teaching, training, and research.

Scientific Process

A systematic and empirical approach to research in which the researcher generates a hypothesis, collects data through observation and experimentation, and then analyses the data to draw conclusions.

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