Figure 13-2 -Refer to Figure 13-2.Ceteris Paribus,an Increase in the Price Level

question 71

Multiple Choice

Figure 13-2
-Refer to Figure 13-2.Ceteris paribus,an increase in the price level would be represented by a movement from

• A)SRAS₁ to SRAS₂.
• B)SRAS₂ to SRAS₁.
• C)point A to point B.
• D)point B to point A.

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Definitions:

Categorical Imperative

A foundational concept in Kantian ethics that dictates an action is morally required if it is based on a principle that a person would want all others to follow universally.

Universalize

In ethics, the principle of applying a moral judgment or rule to all similar circumstances without exception.

Morally Permissible

Actions that are considered acceptable within the confines of moral or ethical reasoning, often contextual and variable.

Categorical Imperative

A concept introduced by Immanuel Kant, referring to an unconditional moral principle that applies to all rational beings and dictates an action as necessary without regard for personal desire or consequence.