If There Is a Rise in the Price Level,there Is

question 65

Multiple Choice

If there is a rise in the price level,there is a(n) ________ movement along the AS curve because there is ________ in the quantity of real GDP supplied.

• A)downward;an increase
• B)upward;a decrease
• C)upward;an increase
• D)upward;no change
• E)downward;a decrease

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Payments

Transactions made by individuals or entities to fulfill financial obligations, such as bills, salaries, or loans.

Operating Activities

Activities that are directly related to the day-to-day operations of a business, such as sales, purchase of inventory, and payment of expenses.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; often referred to as the bottom line.