Last Year in the Country of Union, the Price Level

question 168

Multiple Choice

Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply ________ and aggregate demand ________.

• A) decreased; decreased
• B) increased; did not change
• C) increased; decreased
• D) did not change; increased

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Definitions:

Human Being

A member of the species Homo sapiens, distinguished by advanced cognitive abilities, use of language, and capacity for complex social structures.

Fetus

Name for the developing organism from 8 weeks after fertilization to the birth of the baby.

Developing Organism

Refers to an entity, typically a living being, in its stages of growth and maturation from conception to full development.

Embryo

Name for the developing organism from 2 weeks to 8 weeks after fertilization.