When the Price Level Rises,what Happens to Real Output in the Short

question 50

Multiple Choice

When the price level rises,what happens to real output in the short run and long run as a result?

• A)Real output tends to increase in the short run but not in the long run.
• B)Real output tends to increase in the long run but not in the short run.
• C)Real output tends to decrease in the short run but not in the long run.
• D)Real output tends to increase in both the short run and the long run.

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Definitions:

Study Retention

The ability to maintain and recall information that has been learned over time.

Analyzing Data

The process of inspecting, cleaning, transforming, and modeling data to discover useful information and support decision-making.

Rate of Productivity

The measure of output or efficiency of production within a specified period of time.

Dependent Variable

A variable in scientific research that is affected by other variables, measured to test the effect of the independent variable.