If the Price Level Rises, What Will Happen to Aggregate

question 202

Multiple Choice

If the price level rises, what will happen to aggregate supply?

• A)It will shift outward.
• B)It will shift inward.
• C)Nothing.
• D)It will get steeper.
• E)It will get flatter.

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Definitions:

Severance Pay

Severance Pay is a compensation paid to employees upon their termination of employment, typically based on the length of employment and intended to ease the transition out of the company.

Outplacement

Providing a program of counseling and job search assistance for workers who have been terminated.

Terminated Workers

Individuals who have had their employment contract ended by the employer, often due to redundancy, non-compliance, or organizational restructuring.

Counselling

A professional service offering guidance and support to individuals to help them resolve personal, social, or psychological challenges and improve their wellbeing.