We Can Explain Continued Increases in Both Output and the Price

question 183

True/False

We can explain continued increases in both output and the price level by supposing that only aggregate demand shifted right over time.

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Definitions:

Total Number

The cumulative count of all elements or instances within a specific set or collection.

Upper Class Limits

The maximum value within a class interval in a frequency distribution, where classes are used to group data.

Class Width

In statistics, the difference between the upper and lower boundaries of a class interval in a frequency distribution.

Categorical Data

Data that represent categories - qualitative data that can be divided into group or categories.