An Increase in the Price Level Will Cause

question 132

Multiple Choice

An increase in the price level will cause

• A)an increase in the quantity of aggregate output supplied
• B)a decrease in the quantity of aggregate output supplied
• C)a leftward shift of the aggregate supply curve
• D)a rightward shift of the aggregate supply curve
• E)a leftward or rightward shift of the aggregate supply curve,depending on the reason for the price change

---

Definitions:

Soil Erosion

The removal of the top layer of soil due to water, wind, or human activity, leading to decreased soil fertility and increased vulnerability to environmental challenges.

Traditional Agriculture

Farming practices that rely on indigenous knowledge, natural resources, and cultural beliefs, often with a focus on sustainability.

Large-Scale Farming

Agricultural operations that involve extensive areas of land and high levels of mechanization and technology to produce large quantities of crops or livestock.