When the Price Level Increases, Aggregate Planned Expenditure ________ and Equilibrium

question 57

Multiple Choice

When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope.

• A) decreases; increases; negative
• B) increases; increases; positive
• C) increases; decreases; negative
• D) decreases; decreases; positive
• E) decreases; decreases; negative

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Definitions:

Inequity

The lack of fairness or justice in situations, distributions, or treatments.

Disparity

A great difference or inequality between two or more elements.

MAP-IT Construct

A framework used in public health to Mobilize, Assess, Plan, Implement, and Track health initiatives.

Assess

To evaluate or estimate the nature, ability, or quality of something through examination or analysis.