Which of the Following Is an Effect of an Increase

question 28

Multiple Choice

Which of the following is an effect of an increase in the price level in an economy?

• A)The real value of dollar-denominated assets will fall.
• B)The aggregate expenditure line will shift upward.
• C)The equilibrium real gross domestic product will increase.
• D)There will be a downward movement along the aggregate demand curve of the economy.
• E)The aggregate demand curve of the economy will shift rightward.

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Definitions:

Just-World Effect

The cognitive bias to believe that the world is fundamentally fair, leading people to rationalize an undeserved, negative experience by the victim.

Cognitive Dissonance

A psychological state where an individual experiences discomfort due to holding contradictory beliefs or attitudes, leading to an alteration in one of the conflicting elements.

Reproductive Rights

The rights of individuals to decide freely on matters related to reproduction, including access to contraception, fertility treatments, and abortion.

Late-Term Abortions

Abortions performed during the later stages of pregnancy, often defined by specific legal or medical criteria.