Consider the Basic AD/AS Model

question 48

Multiple Choice

Consider the basic AD/AS model.If there is a decrease in the cost of non-labour inputs to production,the result will be to

• A)shift the AD curve to the left.
• B)shift the AD curve to the right.
• C)shift the AS curve to the left.
• D)shift the AS curve to the right.
• E)cause a movement to the left along the AS curve.

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Definitions:

Academics

The study and scholarship in disciplines taught at educational institutions like schools and universities.

Selman's Stages

A theory proposing different stages of social understanding or perspective-taking ability that children develop through.

Perspective-Taking

The ability to understand a situation or concept from an alternative point of view, including others' thoughts and feelings.

Regulate

To control or maintain the rate or speed of a process or function, often ensuring proper function or compliance with standards.