Which of the Following Changes Does NOT Shift the Short-

question 125

Multiple Choice

Which of the following changes does NOT shift the short- run aggregate supply curve?

• A)An increase in technology
• B)An increase in the price level
• C)An increase in the quantity of capital
• D)An increase in the money wage rate

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Definitions:

Total Costs

The aggregate of all spending related to the creation of goods or services, which includes fixed and variable costs.

Average Variable Costs

The total variable costs divided by the quantity of output produced.

Repairs

The act of fixing or restoring something that is damaged or deteriorated to return it to a good condition.

Cartoonists' Labor

The creative work or effort expended by cartoonists in creating cartoons or comic art.