Use the Following to Answer Questions

question 42

Multiple Choice

Use the following to answer questions
Figure: Long-Run Aggregate Supply Curves
-(Figure: Long-Run Aggregate Supply Curves) Which of the following can explain the shift of the long-run aggregate supply curve from A to B in the figure?

• A) development of new technology
• B) war
• C) negative supply shock
• D) oil crisis

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Definitions:

Participatory Planning

A planning approach that involves all stakeholders in the decision-making process to ensure outcomes meet their needs and preferences.

Aligning Goals

The process of ensuring that individual objectives and actions are in line with the overall strategic direction of an organization.

Desired Outcomes

The specific results or goals that an individual or organization aims to achieve from its actions or strategies.

Objectives

Specific, measurable goals that are intended to be achieved within a certain timeframe.