A Decrease in the Price Level in the United States

question 157

Multiple Choice

A decrease in the price level in the United States will have what effect on the aggregate expenditure line?

• A)Aggregate expenditure will shift downward.
• B)Aggregate expenditure will become steeper.
• C)Aggregate expenditure will shift upward.
• D)Aggregate expenditure will not be affected by an increase in the price level in the United States.

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Definitions:

Birth Rate

The number of live births per thousand of the population in a given year.

Divorce Rates

A statistical figure that represents the number of divorces occurring within a population during a given time period, often expressed per 1,000 inhabitants or as a percentage of marriages.

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Nuclear power plant near Harrisburg, Pennsylvania, site of 1979 accident that released radioactive steam into the air; public reaction ended the nuclear power industry’s expansion.

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A facility that generates electricity by using nuclear reactors to produce steam that drives turbine generators.