If the Price Level Turns Out to Be Higher Than

question 26

Multiple Choice

If the price level turns out to be higher than expected,

• A)businesses increase production
• B)the potential output level increases
• C)initially,the short-run aggregate supply curve shifts rightward; later,there is an upward movement along that curve
• D)initially,the short-run aggregate supply curve shifts rightward; later,there is a downward movement along that curve
• E)a contractionary gap develops

---

Definitions:

Inherited Genetically

Refers to traits or characteristics passed down from parents to offspring through genes.

Lifespan Perspective

An approach in psychology that examines human development, growth, and change across the entire lifespan, from birth to death.

Replication

Repeating a study, usually using different participants, perhaps of another age, socioeconomic status (SES), or culture.

Human Development

The multidisciplinary study of how people grow and change throughout their lives, encompassing physical, cognitive, social, and emotional dimensions.