An Increase in the Price Level Means That

question 48

Multiple Choice

An increase in the price level means that

• A) long-run aggregate supply has increased.
• B) monetary policy has been contractionary.
• C) the value of the dollar has increased.
• D) the purchasing power of money has fallen.

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Definitions:

Neuroscientists

Scientists who study the nervous system and the brain to understand how they function and impact behavior and cognitive functions.

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A long, cylindrical piece of iron metal used in construction and manufacturing for its strength and malleability.

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The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

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