What Occurs When the Price Level Increases

question 41

Multiple Choice

What occurs when the price level increases?

• A) People demand a smaller aggregate quantity of goods and services.
• B) Consumers feel wealthier.
• C) The same real value of assets is held by the public, regardless of the change in the price level.
• D) People want to spend more.

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A measure of body fat based on height and weight that applies to adult men and women.

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The natural desire to satisfy bodily needs, particularly for food.