If the Aggregate Supply Curve Is Upward Sloping,an Increase in Aggregate

question 133

True/False

If the aggregate supply curve is upward sloping,an increase in aggregate demand will cause an increase in output and no change in prices.

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Definitions:

Observing

The act of carefully watching someone or something, often to gain information.

Third Variable

A factor that is not directly involved in an experimental setting but that may affect the relationship between the independent and dependent variables.

Correlation Coefficient

A numerical measure that represents the strength and direction of a relationship between two variables, ranging from -1 to 1.

Placebo Effect

A phenomenon in which a person's condition improves because they believe they are receiving treatment, even though the treatment has no therapeutic value.