Which of the Following Will Shift the Short-Run Aggregate Supply

question 207

Multiple Choice

Which of the following will shift the short-run aggregate supply curve to the right?

• A) an increase in the minimum wage
• B) an increase in immigration from other countries
• C) an increase in the price of oil
• D) an increase in the actual price level

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Definitions:

Depreciable Amount

The cost of an asset, or other amount substituted for cost, less its residual value.

Residual Value

The estimated amount that an asset will realize upon its disposal at the end of its useful life after deducting expected costs of disposal.

Annual Depreciation

The portion of the cost of a fixed asset that is expensed each year over its useful life as a way to allocate the cost over time.

Useful Life

The estimated period that an asset is expected to be usable for the purpose for which it was acquired, affecting its depreciation or amortization.