What Is the Effect of an Increase in the Price

question 12

Multiple Choice

What is the effect of an increase in the price level?

• A)The real value of dollar-denominated assets will rise.
• B)The aggregate expenditure line will shift downward.
• C)The equilibrium level of output demanded will rise.
• D)There will be downward movement along a particular aggregate demand curve.
• E)The aggregate demand curve will shift rightward.

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Definitions:

Large Intestine

The large intestine is the final section of the gastrointestinal tract, responsible for water absorption and the formation of feces.

Duodenum

The first section of the small intestine immediately beyond the stomach, where initial digestion of food occurs.

Esophagus

A muscular tube connecting the throat (pharynx) with the stomach; food is pushed through it by peristaltic movements.

Salivary Amylase

An enzyme found in saliva that starts the process of starch digestion in the mouth.