Which of the Following Would Cause Prices and Real GDP

question 91

Multiple Choice

Which of the following would cause prices and real GDP to rise in the short run?

• A) Short-run aggregate supply shifts right.
• B) Short-run aggregate supply shifts left.
• C) Aggregate demand shifts right.
• D) Aggregate demand shifts left.

Recognize the advantages and disadvantages of sole proprietorship in comparison to other forms of business ownership.

Identify the forms of business that provide owners with limited liability.

Understand the impact of business ownership forms on control, decision-making, and regulatory obligations.

Recognize how businesses are acquired and their implications for ownership and control.

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Definitions:

Dermis

The thick layer of tissue below the epidermis in mammalian skin, containing blood capillaries, nerve endings, sweat glands, and hair follicles.

Dilate

To enlarge, expand in size; to increase the size of an opening.

Vessels

Hollow containers, especially those used to hold liquid, or large ships or boats.

Transdermal

Relating to or denoting a method of administering medication through the skin, typically via a patch, for systemic distribution.