An Increase in the Expected Price Level

question 50

Multiple Choice

An increase in the expected price level

• A)shifts the short-run aggregate supply curve up and to the left.
• B)shifts the short-run aggregate supply curve down and to the right.
• C)has no effect on the short-run aggregate supply curve.
• D)results in a movement along the short-run aggregate supply curve, rather than a shift in the short-run aggregate supply curve.

---

Definitions:

Peabody Individual Achievement Test

A standardized test that assesses the academic achievement of children and adolescents in areas such as reading and math.

Open-Ended Items

Questions or prompts in a test or survey that allow for free response without fixed options, enabling detailed, qualitative feedback.

Achievement Tests

Standardized tests designed to measure a person's level of skill, accomplishment, or knowledge in a specified area.

National Report Card

A comprehensive assessment or evaluation that measures the performance or achievements of a nation in various domains, such as education, health, or the economy.