The Aggregate Supply Curve Shifts

question 46

Multiple Choice

The aggregate supply curve shifts

• A)leftward if the aggregate demand curve shifts leftward.
• B)rightward if the money wage rate rises.
• C)rightward if potential GDP decreases.
• D)rightward if the money wage rate falls.
• E)leftward if potential GDP increases.

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Definitions:

Individual's Feelings

Personal emotions or affective states that are unique to an individual, reflecting their personal reactions or sentiments.

Perceived Inequity

The feeling or perception that one's rewards or outcomes are not fair in comparison to others' rewards or outcomes, leading to feelings of injustice.

Quantity

A measurable amount or the total number of units of a product, material, or substance.

Quality Of Work

The degree to which a task or project is executed with excellence, precision, and effectiveness, meeting or exceeding standards.