Which of the Following Events Shifts the Short-Run Aggregate Supply

question 17

Multiple Choice

Which of the following events shifts the short-run aggregate supply curve to the right?

• A) a decrease in the money supply
• B) a drop in oil prices
• C) an increase in government spending on military equipment
• D) none of these answers
• E) an increase in price expectations

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Definitions:

African Americans

Citizens of the United States with partial or total ancestry from any of the black racial groups of Africa, having a distinct cultural and historical heritage.

Persian Gulf War

A conflict between Iraq and a coalition of countries led by the United States in 1990-1991, triggered by Iraq's invasion of Kuwait.

Presidential Election

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Bush Administration

The executive period of George W. Bush, the 43rd President of the United States, which spanned from 2001 to 2009, marked by events such as the September 11 attacks and the initiation of the Iraq War.