Changes in the Price Level

question 228

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.
• E)increase the level of aggregate supply in the long run only at very low levels of output.

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Definitions:

Congenital Malformation

A physical defect present from birth, resulting from an abnormality in the development process.

Anomaly

Abnormal, or unexpected, condition.

Transient Tachypnea

A temporary condition seen in newborns where breathing is abnormally rapid for a short period after birth.

Newborn

A term used to describe an infant in the first few hours to weeks of life, typically up to 28 days old.