Which of the Following Would Cause an Increase in the Price

question 29

Multiple Choice

Which of the following would cause an increase in the price level in the long run?

• A) The number of workers in the labor force increases.
• B) Net exports decrease.
• C) Investment increases.
• D) Natural resources increase.
• E) There is a temporary increase in the price of oil.

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Definitions:

Asset

An economic resource that can be owned or controlled to produce value and that is held to have positive economic value.

Liability

A financial obligation or debt that an entity is required to pay to another party, often arising from past transactions or events.

Revenue

The total amount of money generated by a company from its normal business operations, before any deductions are made.