Join ExamsbookAnswer : 4. "All of the above"
A rise in general level of prices may be caused by5
Q: A rise in general level of prices may be caused by
- 1an increase in the money supplyfalse
- 2an increase in the effective demandfalse
- 3a decrease in the aggregate level of outputfalse
- 4All of the abovetrue
- Show AnswerHide Answer
- Workspace
Answer : 4. "All of the above"
Explanation :
Answer: D) All of the above Explanation: All the three statements lead to either increase in demand of goods and services or decrease in the supply. This leads to increase in general level of prices.