Suppose an Economy's Aggregate Price Level Increases and Its Aggregate

question 229

Multiple Choice

Suppose an economy's aggregate price level increases and its aggregate level of real GDP decreases. This could arise from a _____ shock.

• A)positive demand
• B)negative supply
• C)positive supply
• D)negative demand

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Definitions:

Customer Relationship Management (CRM)

A strategy for managing a company's interactions with current and potential customers using data analysis about customers' history with a company to improve business relationships.

Technology System

A structured arrangement of devices, software, and processes that work together to perform or facilitate specific tasks or functions.

Potential Customers

Individuals or entities that are considered likely to purchase a product or service, but have not yet done so.

Cell Yell

Speaking loudly on a cell phone, often in public spaces, without regard for those nearby.