If the Price Level Turns Out to Be Lower Than

question 51

Multiple Choice

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

• A)businesses cut back production
• B)the potential output level decreases
• C)initially,the short-run aggregate supply curve shifts leftward; later,there is a downward movement along that curve
• D)initially,the short-run aggregate supply curve shifts leftward; later,there is an upward movement along that curve
• E)an expansionary gap develops

---

Definitions:

Time-Consuming

Requiring a considerable amount of time to complete, often more than is desirable or anticipated.

Opportunity Cost

The opportunity cost is the benefit that is missed out on when selecting one option over another.

Durian Juice Concentrate

Durian juice concentrate is a product derived from durian fruit, intensified in flavor and intended for various culinary uses, including beverages and sauces.

Prune Paste

A protective coating applied to trees after pruning to seal cuts and prevent disease.