Question

A rise in general level of prices may be caused by?

1.An increase in the money supply

2.A decrease in the aggregate level of output

3.An increase in the effective demand

• A. 1 only
• B. 1 and 2 only
• C. 2 and 3 only
• D. 1, 2 and 3

Answer 1

Answer:

D. 1, 2 and 3