Which of the Following Would Shift the Short Run Aggregate

question 273

Multiple Choice

Which of the following would shift the short run aggregate supply curve but not have any impact on the long-run aggregate supply curve?

• A) an increase in the land area of a country
• B) an increase in the price level faced by consumers in a country
• C) an increase in technology
• D) an increase in market concentration in many industries

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Definitions:

Call Option Contracts

Financial agreements giving the buyer the right but not the obligation to purchase an asset at a specified price within a certain period.

Underlying Stock

The specific stock that represents the equity interest in which options, futures, or other derivatives contracts are based on.

Risk-Free Asset

An investment with a guaranteed return and no risk of default, often represented by government bonds from stable governments.

Strike Price

The predetermined price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.