If a Central Bank Wants to Counter the Change in the Price

question 28

Multiple Choice

If a central bank wants to counter the change in the price level caused by an adverse supply shock,it could change the money supply to shift

• A)aggregate demand right.
• B)aggregate demand left.
• C)aggregate supply right.
• D)aggregate supply left.

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Definitions:

Response Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Amount of Fruit

Refers to the total quantity of fruits present in a specific area or produced by a plant or group of plants at a given time.

Agricultural Industry

The sector of the economy concerned with the production, processing, and distribution of food, fibers, and other goods from farming and husbandry.

Terrestrial Ecosystems

Ecosystems found on land, characterized by the distinct types of vegetation and organisms adapted to the particular climate and soil conditions.