In the Short Run, an Increase in the Price Level

question 35

Multiple Choice

In the short run, an increase in the price level causes which of the following:

• A) A rightward shift in the aggregate demand curve.
• B) A leftward shift in the short-run aggregate supply curve.
• C) A rightward shift in the short-run aggregate supply curve.
• D) A movement upward along the short-run aggregate supply curve.

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Definitions:

Pick-Pocketing

The act of stealthily stealing wallets or other valuables from the pockets or bags of others.

Wealthy

Having a large amount of money, resources, or assets; often associated with affluence and a high standard of living.

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The ability of a society or group to regulate individuals' behavior in a way that promotes order and discourages deviance.

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A powerful stimulant drug derived from the leaves of the coca plant, illegal in many countries.