An Increase in Aggregate Supply Will Cause the Price Level

question 144

Multiple Choice

An increase in aggregate supply will cause the price level to:

• A) rise and GDP to rise
• B) rise and GDP to fall.
• C) rise and the unemployment rate to fall.
• D) fall and GDP to rise.
• E) fall and the unemployment rate to rise.

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Definitions:

Team Meetings

Gatherings of team members to discuss progress, strategies, and issues within a project or organization.

Founding Team

The original group of individuals who establish a company, working together to bring the business concept to reality.

Passion

An intense positive emotion, which is usually related to entrepreneurs who are engaged in meaningful ventures, or tasks and activities, and which has the effect of motivating and stimulating entrepreneurs to overcome obstacles and remain focused on their goals.

Strong Ties

Deep, close relationships often characterized by trust, frequent interaction, and a strong sense of commitment.