In the Short Run, an Increase in the Price Level

question 35

Multiple Choice

In the short run, an increase in the price level causes which of the following:

• A) A rightward shift in the aggregate demand curve.
• B) A leftward shift in the short-run aggregate supply curve.
• C) A rightward shift in the short-run aggregate supply curve.
• D) A movement upward along the short-run aggregate supply curve.

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Definitions:

Source of Revenue

Refers to the various means through which a business generates money, which can include product sales, service fees, or advertising income.

Information Flows

Refers to the movement of information within and between organizations, critical for making decisions and managing operations effectively.

Customer

An individual or organization that purchases goods or services from a store or business.

Product Flows

The movement of goods through the supply chain from the manufacturer to the end user, including all intermediate steps like transportation and warehousing.