In the Long Run,an Increase in Consumer Spending Would Cause

question 45

Multiple Choice

In the long run,an increase in consumer spending would cause output to ________ and the price level to ________.

• A)rise; rise
• B)rise; stay constant
• C)stay constant; stay constant
• D)stay constant; rise

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Definitions:

Formative Evaluation

An evaluative process conducted during the development of a program or project to improve its design and performance through ongoing feedback.

Measurement

The process of obtaining the size, quantity, or degree of something using standard units.

Outcome Objectives

Specific goals that a project or study aims to achieve, measured through certain indicators or outcomes.

Summative Evaluation

A type of evaluation that judges the effectiveness of a program, project, or instruction at its conclusion, summarizing its impact.