The Effects of a Higher Than Expected Price Level Are

question 48

Multiple Choice

The effects of a higher than expected price level are shown by

• A)shifting the short-run aggregate supply curve right.
• B)shifting the short-run aggregate supply curve left.
• C)moving to the right along a given aggregate supply curve.
• D)moving to the left along a given aggregate supply curve.

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Definitions:

Generalized Anxiety Disorder

A disorder marked by a chronic high level of anxiety that is not tied to any specific threat.

Arachnophobia

An intense and irrational fear of spiders and other arachnids, leading to avoidance or distress at the thought or sight of them.

Obsession

Persistent, intrusive, and unwanted thoughts that cause distress or anxiety.

Compulsion

An irresistible urge to behave in a certain way, especially against one's conscious wishes.