Other Things Equal, an Increase in Input Prices Will

question 387

Multiple Choice

Other things equal, an increase in input prices will

• A) reduce aggregate supply and reduce real output.
• B) increase the interest rate and lower the international value of the dollar.
• C) increase aggregate supply and increase the price level.
• D) increase net exports, increase investment, and reduce aggregate demand.

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Definitions:

Welfare Capitalism

A system where corporations provide social welfare services to their employees in order to discourage governmental intervention and unionization.

Mann Act

A federal law passed in 1910 in the United States that made it illegal to transport women across state lines for the purpose of prostitution or debauchery, or for any other immoral purpose.

Conservationists

Individuals or groups dedicated to the protection and preservation of the environment and wildlife.

American Progressives

A political movement in the late 19th and early 20th centuries advocating for social reform, governmental transparency, and regulation of monopolies.