-The Data in the Above Table Show That When the |

question 264

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 4 & 8 & 7 \\\hline 130 & 5 & 7 & 7 \\\hline 120 & 6 & 6 & 7 \\\hline 110 & 7 & 5 & 7 \\\hline 100 & 8 & 4 & 7 \\\hline\end{array}$$
-The data in the above table show that when the price level is 120, if aggregate demand does not change then the

• A) long-run aggregate supply curve will shift rightward.
• B) long-run aggregate supply curve will shift leftward.
• C) short-run aggregate supply curve will shift rightward.
• D) short-run aggregate supply curve will shift leftward.

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Definitions:

Allowance Factor

A factor used in planning and scheduling to account for potential deviations from standard or expected performance.

Performance Rating

Represents a quantitative measure designed to evaluate the efficiency and productivity of an employee or a machine in the workplace.

Allowances

Financial compensations or extra quantities given to cover specific needs or requirements.

Normal Time

The estimated duration required to complete a task under normal working conditions.