The Figure Below Shows the Aggregate Demand and Supply Curves

question 61

Multiple Choice

The figure below shows the aggregate demand and supply curves for the U.S.A rightward shift of the aggregate supply curve from AS to AS' would be caused by:

• A)an increase in resource prices,improved technology,or an extension of patent protection.
• B)a decrease in resource prices,improved technology,or an extension of patent protection.
• C)a decrease in resource prices,improved technology,or a shortening of patent protection.
• D)an appreciation of the dollar,higher inflation in Europe,or a decrease in resource prices.
• E)a depreciation of the dollar,higher inflation in Asia,or improved technology.

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Definitions:

Lighted Gas Stoves

Gas stoves that are ignited and in operation, producing a flame for cooking or heating purposes.

Slight Burn

A minor injury to skin caused by heat, electricity, chemicals, light, radiation, or friction.

Higher-order Conditioning

A conditioned response is linked to a new stimulus by associating the new stimulus with a previously conditioned stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.