A Movement Up the Aggregate Supply Curve Is Caused by A(n)

question 116

Multiple Choice

A movement up the aggregate supply curve is caused by a(n)

• A) increase in aggregate supply.
• B) decrease in aggregate supply.
• C) increase in the price level.
• D) decrease in the price level.

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Definitions:

Enacted

Made into law by official legislative action.

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry.

Vertical Merger

A business integration strategy where companies within the same supply chain but at different stages of production merge.

Conglomerate Merger

A type of merger between companies that operate in unrelated business activities, diversifying business interests and reducing risk.