A Change in the Price Level, All Other Things Unchanged

question 91

Multiple Choice

A change in the price level, all other things unchanged, causes

• A) a movement along the aggregate demand curve.
• B) a shift of the aggregate demand curve.
• C) both a movement along the aggregate demand curve and a shift in the curve.
• D) no change in the value of assets held in the form of money.

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Definitions:

Mineral

A naturally occurring, inorganic solid with a definite chemical composition and crystalline structure, used in various industries.

Conservation

The sustainable management and use of natural resources to prevent depletion or degradation, safeguarding biodiversity and ecosystems.

Scarcer

Describes a condition where resources, goods, or services become less available or in shorter supply than previously.

Price Rises

A situation where the cost of goods or services increases over time due to factors like inflation, increased demand, or higher production costs.