In the Short Run,the Price Level

question 103

Multiple Choice

In the short run,the price level

• A) will increase if unit costs increase.
• B) will increase if average markup decreases.
• C) will increase if unit costs decrease.
• D) is held constant by government decree.
• E) will decrease if there is a negative supply shock.

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Definitions:

Fertilizing Eggs

The process in which male gametes (sperm) fuse with female gametes (eggs) to initiate the development of a new organism.

Genetic Variation

Genetic variation is the diversity in gene frequencies, resulting from mutations, genetic recombination, and other sources, providing the material for evolution and adaptation in populations.

Asexual Reproduction

A mode of reproduction that does not involve the fusion of gametes, leading to offspring genetically identical to the parent.

Genetically Identical Offspring

Offspring that share the same genetic material, typically as a result of asexual reproduction.