In the Short-Run, an Increase in the Price of Raw

question 12

Multiple Choice

In the short-run, an increase in the price of raw materials will ________ the price level and ________ real GDP.

• A) raise; increase
• B) lower; increase
• C) raise; decrease
• D) raise; not change
• E) lower; decrease

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Definitions:

Crani/o

A prefix relating to the skull.

Arthrocentesis

A medical procedure involving the puncture of a joint space with a needle to remove synovial fluid for diagnostic or therapeutic purposes.

Patella

Also known as the kneecap, it is a small flat triangular bone located at the front of the knee joint.

Coccyg/o

Refers to the coccyx, the tailbone at the base of the vertebral column.