An Increase in the General Price Level Will Lead to

question 33

Multiple Choice

An increase in the general price level will lead to

• A) an upward movement along the short-run aggregate supply curve as firms increase output.
• B) a rightward shift of the short-run aggregate supply curve as firms increase output.
• C) a downward movement along the short-run aggregate supply curve as firms decrease output.
• D) a leftward shift of the short-run aggregate supply curve as firms decrease output.
• E) no change in output because input prices are sticky.

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Definitions:

CVD Risks

Factors that increase the likelihood of developing cardiovascular diseases, including high blood pressure, smoking, and diabetes.

Low Education

Refers to a lower level of formal schooling or academic achievement, often associated with various social and health disadvantages.

HDL Levels

High-density lipoprotein (HDL) levels indicate the amount of 'good' cholesterol in the blood, which helps reduce heart disease risk.

Gender Gap

The disparities between women and men, often observed in social, economic, political, intellectual, or cultural realms or achievements.