If the Price Level Turns Out to Be Higher Than

question 26

Multiple Choice

If the price level turns out to be higher than expected,

• A)businesses increase production
• B)the potential output level increases
• C)initially,the short-run aggregate supply curve shifts rightward; later,there is an upward movement along that curve
• D)initially,the short-run aggregate supply curve shifts rightward; later,there is a downward movement along that curve
• E)a contractionary gap develops

---

Definitions:

Learning Organisations

Organizations that continually evolve by enabling the learning of its members and actively transforming itself.

Learning Opportunities

Situations or environments that allow individuals or groups to gain new knowledge or skills.

Organisational Members

Individuals who are part of an organization, including employees, managers, and stakeholders, each contributing to the organization's goals and culture.

Information Technology

The use of computers, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.