FIGURE 23-2 Refer to Figure 23-2

question 16

Multiple Choice

FIGURE 23-2 Refer to Figure 23-2.Which of the following events could cause the upward shift of the AS curve?

• A)improvements in communications technology
• B)a decrease in business confidence that reduces desired investment
• C)a recession in the U.S.that reduces our net exports
• D)a major discovery of new oil reserves that will increase the world supply
• E)a massive drought that reduces agricultural output

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Definitions:

Interactions

The reciprocal actions and influences individuals have on each other in social settings.

Functions

Refer to specific, pre-defined operations or activities in various fields such as mathematics, where they map inputs to outputs, or in programming, where they are blocks of code designed to perform a particular task.

Sensing

The process of receiving information through the senses such as sight, sound, touch, taste, and smell.

Intuiting

The process of understanding or knowing something immediately without the need for conscious reasoning.