Which of the Following Explains Why Higher Prices in the Goods

question 32

Multiple Choice

Which of the following explains why higher prices in the goods and services market measured by the CPI leads to an upward-sloping aggregate supply curve? ​

• A) ​The higher prices will temporarily improve profit margins because the cost of wages and salaries are fixed in the short run.
• B) ​The higher prices will reduce the purchasing power of the fixed quantity of money and, thereby, stimulate additional output.
• C) ​The higher prices will expand the economy's resource base and, thereby, stimulate additional output.
• D) ​The higher prices will improve technology and, thereby, stimulate additional output.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Ethnic Enclaves

Geographic areas with high concentrations of individuals from the same ethnic or cultural background, distinct from the larger surrounding area.

Upward Mobility

The ability or opportunity for individuals or groups to improve their economic status or social class, often through education or employment.

Economic Prosperity

A period or condition of economic growth and good health, where levels of income, employment, and production are high, leading to a higher standard of living.

Alejandro Portes

A sociologist known for his work on immigration, assimilation, and the socio-economic challenges faced by migrant communities.