Which of the Following Would Not Shift the Aggregate Supply

question 17

Multiple Choice

Which of the following would not shift the aggregate supply curve?

• A)an increase in labour productivity
• B)a decline in the price of imported oil
• C)a decline in business taxes
• D)an increase in the price level

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Definitions:

Aircraft Manufacturers

Companies specializing in the design, manufacture, and/or assembly of airplanes and aircraft-related systems and parts.

Protected Monopoly

refers to a market or industry where a single provider is shielded from competition through legal means, such as regulations or patents.

Monopoly Environment

A market structure characterized by a single seller, selling a unique product in the market.

Competitive Advantage

The attributes or conditions that allow a company or country to produce goods or services more efficiently or at a higher quality than its competitors.