The Short-Run Aggregate Supply Curve Would NOT Shift to the Left

question 233

Multiple Choice

The short-run aggregate supply curve would NOT shift to the left as a result of a(n) :

• A) decrease in productivity.
• B) increase in nominal wages.
• C) increase in interest rates.
• D) increase in the price of commodities used for production.

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Definitions:

Cryptocurrencies

Digital or virtual currencies that use cryptography for security and operate independently of a central bank, exemplified by Bitcoin and Ethereum.

Intermediaries

Entities or individuals that act as middlemen between different parties in a transaction, facilitating the exchange of goods, services, or information.

Electronic Currencies

digital forms of currency that exist electronically, such as cryptocurrencies, which are used for online transactions.

Dollarization

The process of a country abandoning their currency and using U.S. Dollars or another currency instead.