How Does an Increase in the Price Level in Australia

question 67

Multiple Choice

How does an increase in the price level in Australia relative to the price level of other countries affect the aggregate demand curve, ceteris paribus?

• A)This will move the economy up along a stationary aggregate demand curve.
• B)This will move the economy down along a stationary aggregate demand curve.
• C)This will shift the aggregate demand curve to the left.
• D)This will shift the aggregate demand curve to the right.

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Definitions:

Concordat of Bologna

An agreement made in 1516 between King Francis I of France and Pope Leo X, allowing the French king to select French bishops and abbots.

Ecclesiastical Appointments

Ecclesiastical appointments refer to the process by which individuals are selected and assigned roles within the church hierarchy.

Samuel de Champlain

Samuel de Champlain was a French explorer and cartographer who played a major role in establishing the foundations of the French colony in the New World, particularly in Quebec.

Quebec

A province in eastern Canada, known for its French heritage, language, and culture, making it a unique part of the predominantly English-speaking country.