11.3 the Final Equilibrium

question 78

Multiple Choice

11.3 The Final Equilibrium
Refer to the information provided in Figure 11.6 below to answer the questions that follow. Figure 11.6
-Refer to Figure 11.6. Suppose the equilibrium price level is 110. An increase in wages and an increase in government spending will, for sure, increase

• A) both the equilibrium output and the price level.
• B) the price level.
• C) equilibrium output.
• D) equilibrium output and decrease the price level.

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Definitions:

Soils

The top layer of the earth's surface, composed of mineral particles, organic matter, water, and air, and capable of supporting plant life.

Grasslands

Large, open areas where the dominant vegetation consists of grasses, often found in regions with moderate to semi-arid climates.

Biological Magnification

The increasing concentration of a substance, such as a toxic chemical, in the tissues of organisms at successively higher levels in a food chain.

Food Chain

A series of organisms each dependent on the next as a source of food, representing the flow of energy and nutrients in an ecosystem.