At Points on the Short-Run Aggregate Supply Curve, but to the Right

question 76

Multiple Choice

At points on the short-run aggregate supply curve, but to the right of the long-run aggregate supply curve, resources are:

• A)overutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left).
• B)overutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right).
• C)underutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left).
• D)underutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right).

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Definitions:

Market

The arena in which buyers and sellers engage in the exchange of goods, services, or financial instruments.

Selection Bias

A distortion in statistical analysis resulting from the method of collecting samples, leading to an inaccurate representation of the population being studied.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.