If the Overall Price Level Rises from 100 to 150

question 25

Multiple Choice

If the overall price level rises from 100 to 150, the aggregate

• A) quantity demanded could increase from $5 trillion to $6 trillion.
• B) quantity demanded could decrease from $5 trillion to $4 trillion.
• C) demand curve could shift to the right.
• D) demand curve could shift to the left.

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Definitions:

American Psychological Association

The leading scientific and professional organization representing psychology in the United States, dedicated to promoting health, education, and human welfare.

National Science Foundation

An independent federal agency in the United States created to promote the progress of science; to advance the national health, prosperity, and welfare; and to secure the national defense.

Association of Psychological Science

An organization dedicated to advancing scientific psychology across disciplinary and geographic borders.

Inactive Neuron

A neuron that is not currently active or firing, indicating a lack of transmission of neural signals at a given moment.