Which of the Following Does NOT Shift the Short- Run

question 46

Multiple Choice

Which of the following does NOT shift the short- run aggregate supply curve?

• A) a reduction in the price of a raw material
• B) a change in the price level
• C) a change in the money wage rate
• D) technological progress

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Definitions:

Duty to Account

An obligation to provide a detailed report of financial transactions or holdings, typically mandated in fiduciary relationships or other scenarios demanding transparency and accountability.

Best Interest

The most favorable or advantageous course of action for an individual or entity, often used in legal and financial contexts to determine what practices or decisions will most benefit the party in question.

Compete

To engage in an effort to win or excel against others, often in business, sports, or any area where performance and achievement are measured against others.

Apparent Authority

Apparent authority refers to a situation where a third party reasonably believes that an agent has the authority to act on behalf of another (the principal), even if such authority has not been explicitly or implicitly granted.