In the Short-Run, an Increase in the Average Price Level

question 69

Multiple Choice

In the short-run, an increase in the average price level in the economy will cause:

• A) demand for a good to increase but total production to decline.
• B) profits to rise and thus, total production to increase.
• C) interest rates to fall and thus, total production to decline.
• D) input costs to fall and thus, total production to rise.
• E) input costs to fall and thus, total production to decline.

---

Definitions:

Informed Consent

A process ensuring individuals are fully aware of the potential risks and outcomes of a procedure or participation before agreeing to it.

Ethical Issue

A moral conflict that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Queer Sexual Practices

Sexual activities that defy traditional heterosexual norms and are embraced by individuals across a spectrum of sexual orientations and identities.

Survey Research Method

A research technique that involves collecting data from respondents through questionnaires or interviews to gather information about a specific topic.