Which of the Following Would NOT Occur If the Price

question 61

Multiple Choice

Which of the following would NOT occur if the price level changes?  

• A) a shift in the aggregate demand curve 
• B) a shift in the aggregate expenditure curve 
• C) a new value for equilibrium real GDP demanded 
• D) a change in the real value of dollar-denominated assets

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Definitions:

Apparent Authority

Apparent authority refers to a situation in which a person appears to be given power to act on behalf of another, thereby binding the principal through the agent's actions, even if the actual authority has not been granted.

Misrepresentation

The act of providing false or misleading information, intentionally or unintentionally, in a transaction.

Scope of Authority

The boundaries within which decisions can be made or actions can be taken by an agent as authorized by a principal.

Emergency Situation

A sudden, urgent, usually unexpected occurrence or condition that requires immediate action or assistance.