In the Short Run, an Increase in the Price Level

question 59

Multiple Choice

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

• 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:

Homeless

People who lack a stable, permanent, and adequate place to live.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Tastefully Use

To employ or apply something in a manner that is aesthetically pleasing, respectful, or appropriate for the context.

Basic Income

A socioeconomic policy of providing all citizens with a regular, unconditional sum of money, regardless of employment status or other income.