If Aggregate Demand Is $2,000 Billion and Aggregate Supply Is

question 49

True/False

If aggregate demand is $2,000 billion and aggregate supply is $2,300 billion, the price level will rise.

---

Definitions:

Spanish America

Refers to regions in the Americas that were once part of the Spanish Empire, known for their shared Spanish cultural and historical heritage.

Peninsulares

Individuals born in Spain who lived in the Spanish American colonies, often holding high administrative positions and having significant social and economic advantages.

Spanish Empire

A historical global empire, based primarily in the Americas and Europe, that was one of the world's most powerful during the 16th to 18th centuries.

Catholic Priest

A ordained minister in the Catholic Church who has the authority to conduct religious ceremonies and deliver sacraments.