An Increase in the Aggregate Price Level Will Increase

question 27

Multiple Choice

An increase in the aggregate price level will increase:

• A) short-run aggregate supply.
• B) the quantity of aggregate output supplied in the short run.
• C) aggregate demand.
• D) the quantity of aggregate output demanded.

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Definitions:

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A growing awareness among people about environmental issues and the importance of sustainability.

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A long and distinct period of history with a particular feature or characteristic.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, revolutionizing technology, economy, and society.