If the USPrice Level Increases,the Aggregate Quantity of U

question 152

Multiple Choice

If the U.S.price level increases,the aggregate quantity of U.S.output demanded

• A)decreases because U.S.products become cheaper relative to foreign products
• B)decreases because U.S.products become more expensive relative to foreign products
• C)increases because U.S.products become cheaper relative to foreign products
• D)increases because U.S.products become more expensive relative to foreign products

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Definitions:

Simplify

The process of altering an expression or equation to make it easier to understand or solve, usually by combining like terms or removing parentheses.

Average Cost

The total cost divided by the number of goods produced, calculating the cost per unit of goods.

Domain

In mathematics, specifically in the context of functions, the domain is the set of all possible input values (or arguments) for which the function is defined.

Manufacturer

A person or company that makes goods for sale in large quantities.