Which of These Is a Likely Consequence of an Increase

question 67

Multiple Choice

Which of these is a likely consequence of an increase in the price level in the economy,other things constant?

• A)Firms demanding less imported raw materials
• B)Government demanding less military hardware
• C)Foreigners demanding greater amount of U.S.goods
• D)Households demanding more housing and furniture
• E)Firms demanding more capital resources

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Definitions:

Certification

The process of verifying that a person has met predetermined qualifications or standards, often involving formal assessment and the issuance of a certificate or credential.

Dodd-Frank Act

A comprehensive US financial reform legislation passed in 2010 to reduce systemic risk and increase transparency in the financial system.

Securities Exchange Act

A U.S. federal law that regulates the trading of securities such as stocks and bonds in the secondary market, ensuring transparency and fairness.

Misstatement

An error or inaccuracy in stating facts or details, often found in financial accounts or reports.