An Increase in the Price Level Will

question 84

Multiple Choice

An increase in the price level will

• A)shift the aggregate expenditure line upward
• B)shift the aggregate expenditure line downward
• C)cause a movement up along the aggregate expenditure line
• D)cause a movement down along the aggregate expenditure line
• E)have no effect on the aggregate expenditure line or the equilibrium level of real GDP

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Definitions:

Distal

Situated farthest from the point of attachment or origin, as of a limb or bone.

Dorsal

Pertaining to the back side of the body or organ, opposite of ventral, which is the front side.

Proximal

Closer to the point of attachment or to a central point; often used to describe locations on the body.

Caudal

Pertaining to the tail or the posterior part of the body, typically used in reference to the anatomical direction away from the head.