The Short-Run Aggregate Supply Curve Shifts to the Right When

question 68

Multiple Choice

The short-run aggregate supply curve shifts to the right when

• A)output gap is higher.
• B)output gap is lower.
• C)expected inflation is higher.
• D)expected inflation is lower.

---

Definitions:

Service Charge

A fee collected for services provided, often added to the base cost of services in industries such as hospitality, banking, and utilities.

Credit Card

A financial tool allowing users to borrow funds for purchases, which must be repaid, often with interest.

Journal Entry

A record of financial transactions in the accounting books, indicating the accounts and amounts debited and credited.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected to turn into bad debts.