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:

Exporting Goods

The process of sending goods or products from one country to another for the purpose of sale or trade.

Whistle-Blowing

The act of exposing wrongdoing or unethical practices within an organization by an insider or employee.

Boilerplate

Standardized, often repetitive text that can be reused in new contexts or applications without significant changes.

Attribution

The act of acknowledging or crediting the source of information or ideas used in a piece of writing or other work.