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:

Adaptation

The process of adjusting or changing to become suitable for a new environment or conditions.

Contrast

The state of being strikingly different from something else, typically something in juxtaposition or close association.

Novelty

refers to the quality of being new, original, or unusual, often sought after in products or experiences to stimulate interest or excitement.

Preventive Command

Guidance or directives aimed at stopping or reducing the likelihood of an undesired action or event before it happens.