Which Are the Determinants of Short-Run Aggregate Supply

question 101

Multiple Choice

Which are the determinants of short-run aggregate supply?

• A) changes in government spending, taxes, and business and inflationary expectations
• B) changes in input prices, taxes, and business and inflationary expectations
• C) changes in education, taxes, and business and inflationary expectations
• D) changes in input prices, taxes, and technology

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Definitions:

Professional Services

Specialized services provided by individuals with expertise or qualifications in particular fields, like law, accounting, or consultancy.

Manufacturing Business

A company engaged in the conversion of raw materials into finished products through the use of labor and machinery.

Debit Balance

A debit balance occurs when the total of debits in an account exceeds the total of credits, commonly seen in asset and expense accounts.

Credit Balance

A situation in an account where the total credits exceed the total debits, indicating a positive balance.