An Increase in the Price Level

question 33

Multiple Choice

An increase in the price level

• A)means that the aggregate demand curve has shifted leftward
• B)means that inflation occurred
• C)means the employment level has decreased
• D)will shift both the aggregate supply curve and the aggregate demand curve leftward
• E)will shift both the aggregate supply curve and the aggregate demand curve rightward

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Definitions:

Dissociative Identity Disorder

A psychological disorder characterized by the presence of two or more distinct personality states or identities within a single individual, each with its own pattern of perceiving and interacting with the environment.

North America

A continent located entirely in the Northern Hemisphere and almost entirely in the Western Hemisphere, including countries like the United States, Canada, and Mexico.

Australia

A country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands, known for its diverse landscapes and ecosystems.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its rich history and diverse cultures.