Which of the Following Will Cause a Positive Aggregate Supply

question 85

Multiple Choice

Which of the following will cause a positive aggregate supply shock?

• A)a decrease in the price of oil
• B)a decrease in productivity
• C)a decrease in the price of foreign output
• D)an increase in the price of foreign output
• E)an increase in the price of raw materials

Understand and apply the principles of crashing in project management to reduce completion time.

Calculate crash costs and determine the most cost-effective activities to crash in a project.

Distinguish between optimistic, most likely, and pessimistic time estimates in project scheduling.

Recognize the impact of time-cost tradeoffs on project scheduling and management.

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Definitions:

Maximizing Profits

Maximizing profits is the process by which a firm adjusts its production and operational strategies to achieve the highest possible financial gain.

Reduce Output

A decision or strategy to decrease the quantity of goods or services produced by a company or economy.

Increase Output

To raise the quantity of goods or services produced within a given time period.

Pure Monopoly

A market structure where a single firm is the sole producer and seller of a product or service, with no close substitutes available.