In the Long Run, If the Price Level Increases, Then

question 46

Multiple Choice

In the long run, if the price level increases, then nominal wages and other input prices will

• A)also rise, so firms will reduce their output level.
• B)also rise, so firms will not change their output level.
• C)not change, so firms will not change their output level.
• D)decrease, so firms will increase their output level.

---

Definitions:

Immigration Rates

The frequency or number of individuals moving into a region or country from another region or country.

Extinction Rates

The speed at which species become extinct over a certain period of time, often accelerated by human activities.

Resource Partitioning

A concept in ecology where species adapt to compete less directly for environmental resources, often by specializing in different niches or times for activity.

Predators

Organisms that hunt and feed on other organisms for survival.