Which of the Following Events Will Increase Short- Run Aggregate

question 144

Multiple Choice

Which of the following events will increase short- run aggregate supply?

• A)An increase in foreign income
• B)An advance in technology
• C)An increase in the natural unemployment rate
• D)An increase in resource prices

---

Definitions:

Interest Rate

The percentage of an amount of money charged for its use per some period of time, often expressed as an annual percentage rate.

Redeemed

The act of exchanging something such as a coupon, voucher, or financial security for its value in goods, services, or money.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Bond

A fixed income instrument representing a loan made by an investor to a borrower, typically corporate or governmental.