When the Price Level Rises,the Quantity of Real GDP Supplied

question 7

Multiple Choice

When the price level rises,the quantity of real GDP supplied ________ because ________.

• A)increases;the AS curve shifts rightward
• B)increases;new businesses open
• C)decreases;businesses fail and have to shut their doors
• D)increases;businesses fail and have to shut their doors
• E)decreases;new businesses open

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Definitions:

Big Five

A theory identifying five fundamental personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality comprehensively.

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.

Big Five

A model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

IPIP

The International Personality Item Pool, which is a public domain collection of items for the assessment of personality traits.