-In the Figure Above, at Point 2, the Shift of the Aggregate

question 73

Multiple Choice

-In the figure above, at point 2, the shift of the aggregate supply curve from AS1 to AS2 is a result of ________ wages that ________ production cost.

• A) increasing; increase
• B) increasing; reduce
• C) decreasing; decrease
• D) decreasing; increase

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Definitions:

Withdraw

To withdraw means to remove funds from an account or investment, or to take back an offer or statement.

Retire

To retire means to leave one's job or profession, often due to reaching a certain age or for health reasons, and generally implies ending regular employment to enjoy leisure, hobbies, or other interests.

Invested Funds

Money that has been allocated into various types of assets or investments with the expectation of generating returns.

Beginning

In a finance or accounting context, beginning often refers to the starting point or initial value of an asset, liability, or any financial record at the start of a period.