Refer to the information provided in Figure 12.4 below to answer the questions that follow. 
Figure 12.4
-Refer to Figure 12.4. Higher price levels coupled with lower output are the result of
Definitions:
Local Financial Institution
A banking or financial service organization that operates and provides services within a specific local or regional area.
Income
Income earned periodically through work or investments.
Provisional Income
Income used to determine how much of a person's Social Security benefits are taxable, including adjusted gross income, nontaxable interest, and half of the Social Security benefits.
Adjusted Gross Income
The measure of income calculated from your gross income and includes specific allowed deductions, used to determine tax liability.
Q14: Other things equal, an increase in the
Q52: Refer to Figure 13.4. If the demand
Q57: An increase in the price of inputs
Q109: Refer to Figure 11.8. Suppose the economy
Q151: Refer to Figure 12.3. Assume the economy
Q163: Refer to Figure 12.3. Cost-push inflation occurs
Q215: Refer to Figure 11.8. For this economy
Q229: Revenue and expenditure items in the federal
Q239: A decrease in government purchases shifts the
Q243: Other things equal, an increase in the