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An Increase in the Price Level Causes the Aggregate Supply

question 187

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An increase in the price level causes the aggregate supply curve to shift to another supply schedule.


Definitions:

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Interrater Reliability

A measure of how consistently different observers or raters assess, score, or judge a particular trait, behavior, or outcome.

Placebo

A harmless pill, medicine, or procedure prescribed more for the psychological benefit to the patient than for any physiological effect.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's thoughts, emotions, or behavior.

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