Which of the Following Events Will Lead to an Inward

question 130

Multiple Choice

Which of the following events will lead to an inward shift of the aggregate supply curve?

• A)an increase in the price level 
• B)an increase in consumer spending 
• C)an increase in labor productivity 
• D)an increase in wage rates

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Definitions:

Taxing

Is the act of imposing charges on individuals or corporations by government entities to raise revenue for public expenditures.

Spending

The act of using money to purchase goods or services, a fundamental economic activity influencing economic growth and inflation.

Private Property Rights

An owner’s right to use, rent, or sell resources or property.

Natural Monopolies

Industries where a single firm can provide a good or service at a lower cost than any potential competitor, often due to high infrastructure or barrier to entry costs.