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:

Staff

Individuals employed in an organization or working for a particular project or objective.

D1

A term commonly used in Situational Leadership®, referring to one of the development levels where individuals are high in enthusiasm and commitment but low in skills and experience.

Great Flexibility

signifies a high level of adaptability or willingness to adjust to new conditions or changes.

Air Traffic Controllers

Professionals responsible for organizing and directing the movement of aircraft on the ground and in the air.