Which of the Following Would Raise the Price Level in Both

question 23

Multiple Choice

Which of the following would raise the price level in both the short and long run?

• A)an increase in taxes
• B)an increase in government expenditures
• C)a decrease in the minimum wage
• D)an increase in the capital stock

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Definitions:

Proximate Explanations

Explanations in biology that address the immediate cause or mechanism of a behavior or trait, as opposed to its evolutionary or historical origin.

Ultimate Explanations

Explanations interested in understanding the evolutionary reasons or adaptive significance behind behaviors or traits.

Adaptive Value

The extent to which a trait or characteristic improves an organism's chances of survival and reproduction in its environment.

Comparative Approach

A methodological strategy in research that involves comparing different species, groups, or systems to understand evolutionary relationships, functions, or adaptations.