Other Things Being Equal,the Economy's AS Curve Will Shift Downward

question 57

Multiple Choice

Other things being equal,the economy's AS curve will shift downward if there is

• A)a decrease in labour productivity.
• B)a decrease in the cost of capital inputs.
• C)a decrease in the price level.
• D)an increase in the price level.
• E)an increase in nominal wages.

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Definitions:

Production Manager

A professional responsible for overseeing the production process, managing staff, and ensuring the efficient output of high-quality products.

Comfort Zone

A psychological state in which individuals feel familiar, safe, and at ease, often leading to a level of complacency that hinders growth and learning.

Apparel Boutique

A small, specialized retail store that offers a selection of clothing and accessories, often focusing on unique, high-quality, or fashion-forward items.

Business Strategy

The set of plans, actions, and goals that a business follows in order to compete effectively and achieve its objectives.