Other Things Constant, an Increase in Resource Prices Will

question 9

Multiple Choice

Other things constant, an increase in resource prices will:

• A) increase aggregate demand.
• B) decrease aggregate demand.
• C) decrease aggregate supply.
• D) increase aggregate supply.

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Definitions:

Three-Chambered Heart

A type of heart structure found in some amphibians and reptiles, consisting of two atria and one ventricle, allowing for a degree of separation between oxygenated and deoxygenated blood.

Amphibian

Tetrapod with scaleless skin; it typically develops in water, then lives on land as a carnivore with lungs. For example, a frog or salamander.

Organism

An individual that consists of one or more cells.

Interstitial Fluid

The fluid that surrounds the cells in animal tissues, providing the necessary nutrients and removing waste, not contained within blood vessels.