The Short-Run Aggregate Supply Curve Will Shift to the Right

question 184

Multiple Choice

The short-run aggregate supply curve will shift to the right if:

• A) commodity prices rise.
• B) nominal wages rise.
• C) productivity decreases.
• D) nominal wages fall.

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Definitions:

Ending Inventory Balance

The value of unsold goods that a company holds at the end of an accounting period.

Cost Of Goods Sold

The total direct expenses related to producing goods sold by a business.

Net Income

The profit a company has after deducting all its expenses from its total revenue.

Unit Costs

The cost incurred to produce, purchase, or supply one unit of a product or service, calculated by dividing total costs by the number of units produced or purchased.