Other Things Remaining Constant, an Increase in the Average Price

question 37

Multiple Choice

Other things remaining constant, an increase in the average price level _____.

• A) causes a decrease in aggregate supply
• B) affects only aggregate demand and not aggregate supply
• C) causes an increase in aggregate demand
• D) causes a decrease in aggregate demand

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Definitions:

Explicit Instruction

The social process in which children are purposefully taught to use the resources of their culture.

Culture Transmission

The process by which culture, including beliefs, norms, and values, is passed from one generation to the next or from one society to another.

Spaghetti

A long, thin, cylindrical pasta of Italian origin.

Symbolic Tools

Cultural tools, such as abstract knowledge, beliefs, and values.