An Increase in the Price Level Will

question 163

Multiple Choice

An increase in the price level will

• A)shift the aggregate demand curve to the left.
• B)shift the aggregate demand curve to the right.
• C)move the economy up along a stationary aggregate demand curve.
• D)move the economy down along a stationary aggregate demand curve.

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Definitions:

Snowmelt

The process of snow and ice melting, often contributing to river flow in many parts of the world, and can lead to flooding if rapid.

Groundwater

Water that collects or flows beneath the Earth's surface, filling the porous spaces in soil, sediment, and rock formations.

Precipitation

Any form of water, liquid or solid (rain, sleet, snow, or hail), that falls from the atmosphere and reaches the ground.

Acre-Foot

An acre-foot is a unit of volume commonly used in the United States to measure large-scale water resources, such as in reservoirs and lakes, equating to the volume of water needed to cover one acre of land to a depth of one foot.