The Price Level Rises in the Short Run If

question 67

Multiple Choice

The price level rises in the short run if

• A)aggregate demand or aggregate supply shifts right.
• B)aggregate demand shifts right or aggregate supply shifts left.
• C)aggregate demand shifts left or aggregate supply shifts right.
• D)aggregate demand or aggregate supply shifts right

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Definitions:

Lockbox Arrangement

A service provided by banks to process payments quickly by having checks sent to a special post office box.

Customer Base

The customer base refers to the group of consumers who repeatedly purchase the goods or services of a business.

Bank

A financial institution licensed to receive deposits and make loans, and offer other financial services, such as wealth management and currency exchange.