What Is the Result of an Increase in the Price

question 67

Multiple Choice

What is the result of an increase in the price level?

• A) This will shift the aggregate demand curve to the left.
• B) This will shift the aggregate demand curve to the right.
• C) This will move the economy down along a stationary aggregate demand curve.
• D) This will move the economy up along a stationary aggregate demand curve.

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Definitions:

Liquidation

Liquidation is the process of bringing a business to an end and distributing its assets to claimants, often preceding dissolution.

Corporate Assets

Property, both tangible and intangible, owned by a corporation and used in its operations to generate revenue.

Creditors

Individuals or entities that are owed money by debtors, usually arising from contractual agreements, and have the legal right to pursue payment.

Corporate Name

The legal name under which a corporation is registered to conduct business.