An Increase in the Price Level Will Shift the Aggregate

question 21

Multiple Choice

An increase in the price level will shift the aggregate demand curve:

• A)rightward.
• B)leftward.
• C)both.
• D)none of the above.

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Definitions:

Incremental Theory

In Dweck’s theory of motivation, an individual’s belief that abilities can increase with experience and practice.

Ability

The capacity or competence to perform or achieve a specific task or skill.

Idiographic Goal

An approach that focuses on understanding the unique, individual aspects of a person's behavior and personality.

Personal Projects

Individual pursuits and activities that a person engages in, which reflect their goals, values, and interests.