An Increase in the Expected Price Level

question 50

Multiple Choice

An increase in the expected price level

• A)shifts the short-run aggregate supply curve up and to the left.
• B)shifts the short-run aggregate supply curve down and to the right.
• C)has no effect on the short-run aggregate supply curve.
• D)results in a movement along the short-run aggregate supply curve, rather than a shift in the short-run aggregate supply curve.

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Definitions:

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment.

Safe Drinking Water Act

A federal law enacted in the United States in 1974 to protect public drinking water supplies from harmful contaminants.

Primary Drinking Water Standards

Federal standards established by the EPA to protect public health by limiting the levels of contaminants in drinking water.

Superfund

A U.S. federal government program established to fund the cleanup of sites contaminated with hazardous substances and pollutants.