An Increase in the Price Level _{--------------------}the Aggregate Quantity Supplied

question 121

Multiple Choice

An increase in the price level _{--------------------}the aggregate quantity supplied and _{--------------------} the aggregate quantity demanded.

• A)decreases; decreases
• B)increases; decreases
• C)decreases; increases
• D)does not change; decreases
• E)increases; increases

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Definitions:

Performance Standards

Established benchmarks or criteria against which the execution or quality of work tasks and outputs are measured.

Reliability

The consistency of a test, assessment, or measurement tool to produce the same results under the same conditions over time.

Reliability

The consistency and dependability of a process, test, or system in performing and producing the same results under the same conditions.

Measures

Quantifiable indicators used to assess the performance, efficiency, or condition of a process, system, or project.