Which Statement Is Consistent with the Theory of Aggregate Supply

question 110

Multiple Choice

Which statement is consistent with the theory of aggregate supply?

• A) An increase in the expected price level shifts the short-run aggregate-supply curve to the right, and an increase in the actual price level shifts the short-run aggregate supply to the right.
• B) An increase in the expected price level shifts the short-run aggregate-supply curve to the right, and an increase in the actual price level does not shift the short-run aggregate supply.
• C) An increase in the expected price level shifts the short-run aggregate-supply curve to the left, and an increase in the actual price level shifts the short-run aggregate supply to the left.
• D) An increase in the expected price level shifts the short-run aggregate-supply curve to the left, and an increase in the actual price level does not shift the short-run aggregate supply.

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Definitions:

Mate Selection

The process by which individuals choose their partners, often based on a combination of personal preferences, social influences, and biological factors.

Financial Resources

Financial resources refer to the funds that are available to a person or organization for spending in the form of cash, liquid securities, and credit lines.

Evolutionary Theory

A theory in biology and psychology that explains the development of life and adaptive behaviors through natural selection and genetic variation.

Rejection Sensitivity

is a psychological phenomenon where an individual has a heightened response or fearful anticipation to rejection, often affecting their interpersonal relationships.