What Is the Difference Between a Change in Aggregate Supply

question 30

Multiple Choice

What is the difference between a change in aggregate supply and a change in aggregate output supplied?

• A) A change in aggregate supply is represented by a movement along the aggregate supply curve in response to a price change, while a change in aggregate output supplied is represented by a shift of the aggregate supply curve in response to a change in a determinant of aggregate supply other than the price level.
• B) A change in aggregate supply is represented by a shift of the aggregate supply curve in response to a change in the actual price level, while a change in aggregate output supplied is represented by a movement along the aggregate supply curve in response to a change in the expected price level.
• C) A change in aggregate supply is represented by a shift of the aggregate supply curve in response to a change in a determinant of aggregate supply other than the price level, while a change in aggregate output supplied is represented by a movement along the aggregate supply curve in response to a change in the price level.
• D) There is no difference between the two terms.

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Definitions:

Obscuring

The act of making something unclear or difficult to understand, often by covering it up or disguising the true nature of the information.

Bad News

Information or feedback that is unwelcome or unpleasant, often related to negative outcomes or situations.

Negative Message

A communication that conveys bad news, rejection, or feedback that might not be favorable to the recipient.

Close

The final part or conclusion of something, such as a deal, conversation, or document.