(Figure: Determining SRAS Shifts 2) Which of the Following

question 39

Multiple Choice

(Figure: Determining SRAS Shifts 2) Which of the following might cause a change in short-run aggregate supply?

• A) Unions successfully negotiate higher wages.
• B) Businesses are increasingly optimistic about the future.
• C) Consumer incomes decrease.
• D) Taxes on businesses increase.

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Definitions:

Entrepreneurial Organisations

Entrepreneurial organizations emphasize innovation, risk-taking, and proactiveness, often operating in a dynamic and competitive environment to achieve growth.

Managerial Succession

The process of identifying and preparing future leaders to replace current managers as they leave, retire, or move within the organization.

Customer-focused

A business orientation that prioritizes the needs and preferences of customers in product and service design, and company policies.

Market Segments

Divisions within a market defined by specific criteria, where consumers have similar needs, preferences, or characteristics.