A Movement Along the Economy's AS Curve Could Be Caused

question 18

Multiple Choice

A movement along the economy's AS curve could be caused by a change in

• A)the cost of capital.
• B)labour productivity.
• C)technology.
• D)the price level, caused in turn by an AD shock.
• E)the wage rate.

---

Definitions:

Intelligence Quotient

A numerical measure of a person's cognitive abilities in relation to their age group, often assessed through standardized tests.

Chronological Age

The measure of an individual's age in years, months, and days, from their date of birth to the current date.

Mental Set

The tendency to respond to a new problem with an approach that was successfully used with similar problems.

Linguistic Determinism

The hypothesis that language determines the way we think and perceive the world around us.