An Increase in the Price Level

question 33

Multiple Choice

An increase in the price level

• A)means that the aggregate demand curve has shifted leftward
• B)means that inflation occurred
• C)means the employment level has decreased
• D)will shift both the aggregate supply curve and the aggregate demand curve leftward
• E)will shift both the aggregate supply curve and the aggregate demand curve rightward

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Definitions:

North America

A continent in the northern hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and the Pacific Ocean, comprising countries such as the USA and Canada.

Women

Female human beings, especially considered as a group, distinguished biologically and societally from men.

Doctorate Degrees

Advanced academic degrees awarded by universities, signifying mastery and high order overview in a specific field of study or professional practice.

North American

Pertaining to or relating to the continent of North America, which includes countries such as the United States, Canada, and Mexico.