A Rightward Shift in the Aggregate Supply Curve Might Best

question 112

Multiple Choice

A rightward shift in the aggregate supply curve might best be explained by:

• A)an increase in business taxes.
• B)a decrease in productivity.
• C)an increase in nominal wages.
• D)a decrease in the price of imported resources.

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Definitions:

Exchange Rate

The financial value of one currency in the context of another for the purpose of exchange.

C$0.005

Represents a monetary value of five one-thousandths of a Canadian dollar.

C$1.0339

Specified value, possibly representing the exchange rate of 1 Canadian dollar to another currency at a certain point in time.

US$1.00

The monetary unit equal to one United States dollar, the official currency of the United States of America.