An Increase in Total Planned Real Expenditures That Is Caused

question 116

Multiple Choice

An increase in total planned real expenditures that is caused by a factor other than the price level will lead to the

• A) aggregate supply curve shifting to the right.
• B) aggregate demand curve shifting to the right.
• C) aggregate supply curve shifting to the left.
• D) aggregate demand curve shifting to the left.

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Definitions:

Wages

Payment usually received by an employee on a regular basis for services rendered to an employer, often quantified as an hourly, daily, or piecework amount.

Salaries

Regular payments made to employees for their labor, typically based on a fixed annual amount and paid in monthly or biweekly installments.

Rents

Refers to the amount of money paid periodically by a tenant to a landlord for the use of land or property.

Interests

Preferences or hobbies that capture the attention or passions of an individual.