Other Things Constant, an Increase in Resource Prices Will

question 86

Multiple Choice

Other things constant, an increase in resource prices will

• A) increase the demand for goods and services.
• B) increase the cost of producing goods and services, which will lead to a higher price level.
• C) reduce costs and improve profit margins, which will lead to an increase in aggregate supply in the goods and services market.
• D) cause the natural rate of unemployment to rise.

---

Definitions:

Marry For Love

The act of choosing a life partner based primarily on emotional affection and personal attachment rather than social, financial, or practical considerations.

Attachment Theory

A psychological, evolutionary, and ethological theory concerning relationships between humans, specifically the importance of attachment in personal development.

Fidelity

The degree of accuracy or faithfulness to an original or to a set of standards or beliefs.

Genes

Units of heredity made up of DNA, responsible for the inherited characteristics in living organisms.