Refer to the Figure Given Below

question 14

Multiple Choice

Refer to the figure given below. In the above figure, AD₁ and AS₁ represent the original aggregate demand and aggregate supply curves, respectively.AD₂ and AS₂ show the new aggregate demand and aggregate supply curves.The change in aggregate supply from AS₁ to AS₂ could be caused by:

• A)a reduction in the price level.
• B)an increased availability of entrepreneurial talent.
• C)an increase in business taxes.
• D)the real-balances effect, interest-rate effect, and foreign-trade effect.

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Definitions:

Lack Of Care

A failure to act with the attention or caution that a reasonable or prudent person would under similar circumstances, often leading to negligence claims.

Corporate Officers

Senior executives or top managers within a corporation who are given authority by the board of directors to manage the day-to-day operations and make significant business decisions.

Directors

Members of a company's board responsible for making major policy and financial decisions, acting collectively in the best interests of the company and its shareholders.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them ownership interests.