If the Price Level Rises, What Will Happen to Aggregate

question 40

Multiple Choice

If the price level rises, what will happen to aggregate supply curve?

• A)It will shift outward.
• B)It will shift inward.
• C)Nothing.
• D)It will get steeper.
• E)It will get flatter.

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Definitions:

National Unions

Labor organizations that represent workers from across the country in a specific trade or profession.

Highly Unionized

Describes sectors or organizations with a substantial proportion of workers who are members of labor unions.

Public Administration

The implementation of government policies and an academic discipline that studies this implementation and prepares civil servants for working in the public service.

Utilities

Basic services provided to support the functioning of households and businesses, such as water, electricity, and gas.