How Is the Effect of an Increase in the Price

question 239

Multiple Choice

How is the effect of an increase in the price level represented?

• A) by a shift to the right of the aggregate-demand curve
• B) by a shift to the left of the aggregate-demand curve
• C) by a movement to the left along a given aggregate-demand curve
• D) by a movement to the right along a given aggregate-demand curve

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Definitions:

Luigi Galvani

An 18th-century Italian physician and scientist known for his discovery of bioelectricity, especially in the context of muscle movement.

Gustave Fritsch

A nineteenth-century neuroscientist known for his pioneering work on the electrical stimulation of the brain.

Roberts Bartholow

A 19th-century American physician known for his pioneering work in neurology and for an ethical controversy in medically experimenting with electrical stimulation on a human subject's exposed brain.

Axon

Root, or single fiber, of a neuron that carries messages to other neurons.