If a Change in the U

question 115

Multiple Choice

If a change in the U.S. price level caused U.S. imports to increase, it must be true that the price level:

• A) increased.
• B) decreased.
• C) became elastic.
• D) became negative.

---

Definitions:

Pledges Receivables

Amounts promised to be paid by donors to a fundraising organization or a charitable cause.

Pledge Fee

A charge assessed for the service of securing a loan or guarantee, commonly associated with loans or financing agreements.

Dishonoring Note

The failure to pay a promissory note when it comes due.

Maturity Date

The specified date on a financial instrument such as a bond or loan when the principal amount is due to be paid back in full.