A Change in the Aggregate Quantity of Goods and Services

question 98

Multiple Choice

A change in the aggregate quantity of goods and services supplied at every price level is called a

• A) change in short-run aggregate supply.
• B) change in long-run aggregate supply.
• C) change in short-run aggregate quantity of output supplied.
• D) determinant of short-run aggregate supply.

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Definitions:

Statistical Significance

Indicates that the result of an analysis or experiment is unlikely to have occurred purely by chance, at a specified significance level.

SATM Scores

Scores from the math section of the SAT, a standardized test widely used for college admissions in the United States.

Predict

The act of forecasting the future outcome or behavior of something based on current or past data.

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