A Change in the Expected Price Level Is Likely to Cause

question 83

Multiple Choice

A change in the expected price level is likely to cause which of the following?

• A)a shift in the short-run aggregate supply curve and long-run aggregate supply curve
• B)a shift in the short run aggregate supply curve
• C)a shift in the aggregate demand curve
• D)a shift in the long-run aggregate supply curve

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Definitions:

Slate of Electors

A group of individuals chosen in each state who are responsible for formally casting votes for the president and vice president in a U.S. presidential election.

Plurality of Votes

A voting outcome in which the candidate or proposition with the most votes wins, but does not necessarily receive an absolute majority of all votes.

Majority of Votes

More than half of the votes cast in an election or other decision-making process.

Presidential Primary

A presidential primary is a preliminary election where voters select candidates to be nominated by their party for the presidency.