An Increase in Aggregate Demand Is Most Likely to Cause

question 142

Multiple Choice

An increase in aggregate demand is most likely to cause an increase in the price level when the economy is

• A)operating near full employment.
• B)on the horizontal part of the aggregate supply curve.
• C)operating with high unemployment.
• D)operating with substantial excess capacity.

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Definitions:

Asymmetric Syncline

An asymmetric syncline is a fold in sedimentary layers that is uneven or lopsided, with one side of the fold having a gentler slope than the other.

Asymmetric Anticline

A fold in sedimentary layers that has unequal slopes on either side, typically illustrating differential stresses during its formation.

Plunging Syncline

A syncline structure where the fold axis is inclined, giving the impression of the layers diving underground.

Asymmetric Anticline

A geological fold that is asymmetrical, having two limbs of different lengths or slopes.