Changes in the Price Level

question 53

Multiple Choice

Changes in the price level

• A)increase the level of aggregate supply in the long run.
• B)decrease the level of aggregate supply in the long run.
• C)do not affect the level of aggregate supply in the long run.
• D)increase the level of aggregate supply in the long run only at very high levels of output.

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Definitions:

Raised In Isolation

The condition of being brought up in an environment that is significantly devoid of normal social interaction and exposure to the outside world.

Develop Normally

The process of growing or evolving according to expected patterns or stages of physical, mental, or emotional growth.

Total Institutions

are places of residence and work where large numbers of individuals are cut off from wider society for a considerable period, leading lives enclosed and regulated by the institution.

Resocialization

The process by which individuals learn new norms, values, attitudes, and behaviors to adapt to a new social role or environment.