What Would Cause Prices and Real GDP to Rise in the Short

question 6

Multiple Choice

What would cause prices and real GDP to rise in the short run?

• A) short-run aggregate supply shifts right
• B) short-run aggregate supply shifts left
• C) aggregate demand shifts right
• D) aggregate demand shifts left

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Definitions:

Supply Chain Profit

The total profit achieved by all members of a supply chain, from raw material suppliers to end retailers, through the production and sale of goods.

Pricing Decisions

The process of determining the price at which a company's products or services will be offered to the market, affecting demand, sales, and profitability.

Maximizing Profit

The process of implementing strategies and making decisions that lead to the highest possible profit margin.

Lot Sizing Decisions

The process of determining the optimal order quantity that balances ordering costs with holding costs in inventory management.