According to the Above Figure, What Will the Price Level

question 143

Multiple Choice

According to the above figure, what will the price level be in the new long-run equilibrium?

• A) 115
• B) 110
• C) 100
• D) Less than 100

---

Definitions:

Punishment

The imposition of a penalty as retribution for an offense, with the aim of correcting behavior or serving as a deterrent to others.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens a desired behavior.

Positive Reinforcement

A reinforcement procedure in which a response is followed by the presentation of, or increase in intensity of, a reinforcing stimulus; as a result, the response becomes stronger or more likely to occur.

Primary Reinforcer

A stimulus that is naturally rewarding, such as food, water, or relief from pain.