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:

Statistical Technique

Any method used in the field of statistics to collect, analyze, interpret, and present data.

ANCOVA

Analysis of Covariance; a statistical technique that adjusts the means of dependent variables accounting for variance from one or more covariate(s).

Statistical Technique

A method used within statistics to analyze data sets and draw conclusions or make predictions.

Multiple Regression

In statistics, a technique utilizing a variety of explanatory factors to anticipate the outcome associated with a dependent variable.