As the Price Level Increases,the Amount of Goods and Services

question 55

Multiple Choice

As the price level increases,the amount of goods and services that consumers,businesses,and governments desire to purchase will change.How will this be illustrated?

• A)a leftward movement of the aggregate demand curve
• B)a rightward movement of the aggregate demand curve
• C)a movement upward along the aggregate demand curve
• D)a movement downward along the aggregate demand curve
• E)the price level change causes the aggregate supply curve to shift,bringing the economy back into equilibrium

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Definitions:

Reward Power

The capability to distribute rewards that others view as valuable, giving the power holder influence over their behavior.

Remunerations

The compensation or payment received by an individual for their services or labor, including salaries, wages, and benefits.

Perception

The process by which individuals interpret and make sense of sensory information to understand their environment.

Legitimate Power

Authority that is recognized and accepted by others within an organization due to a formal position or role.