Which of the Following Is an Effect of an Increase

question 28

Multiple Choice

Which of the following is an effect of an increase in the price level in an economy?

• A)The real value of dollar-denominated assets will fall.
• B)The aggregate expenditure line will shift upward.
• C)The equilibrium real gross domestic product will increase.
• D)There will be a downward movement along the aggregate demand curve of the economy.
• E)The aggregate demand curve of the economy will shift rightward.

---

Definitions:

Capitalists

Individuals or entities that own capital goods or investments and use them to generate profits, typically by investing in businesses and supporting or engaging in commerce.

Theocratic

Pertaining to a form of government in which a deity is recognized as the supreme civil ruler, with the deity's laws being interpreted by ecclesiastical authorities.

Anarchic

Lacking order, governance, or authoritative structure, often resulting in chaos or disorder.

Republic

A form of government in which the country is considered a "public matter" with officials elected by the people.