Shifts in the Aggregate-Demand Curve Can Cause Fluctuations in

question 4

Multiple Choice

Shifts in the aggregate-demand curve can cause fluctuations in

• A)neither the level of output nor the level of prices.
• B)the level of output,but not in the level of prices.
• C)the level of prices,but not in the level of output.
• D)the level of output and in the level of prices.

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Definitions:

Cultural Practices

Refer to the collective habits, traditions, rituals, and values shared by a group of people that contribute to their unique social identity.

Openness To Change

A personality trait that indicates how much a person is willing to consider new ideas, experiences, and values different from their own.

Conservatism

Conservatism is a political and social philosophy that promotes retaining traditional social institutions and values, typically in opposition to drastic changes.

Self-Transcendence

The process of going beyond one's own self-interests, identifying with values or purposes larger than oneself.