If the Price Level in an Economy Turns Out to Be

question 119

Multiple Choice

If the price level in an economy turns out to be higher than that expected by workers and firms,_____.

• A)businesses increase production.
• B)the economy's potential output level increases.
• C)the economy's short-run aggregate supply curve shifts rightward.
• D)the economy's short-run aggregate supply curve shifts leftward.
• E)a recessionary gap develops.

---

Definitions:

Direct Provision

A system or method of supplying or delivering services and goods directly to the recipients or beneficiaries.

Counseling

A professional guidance process helping individuals, families, or groups in resolving personal or psychological problems.

Single-Subject Research Design

A research methodology that focuses on observing and modifying the behavior of a single participant through controlled conditions and intervention.

Baseline

A reference point or initial set of data used as a comparison for assessing changes or developments over time in studies, projects, or experiments.