- Based on the Figure Above, the Aggregate Supply Curve Shifts

question 35

Multiple Choice

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Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when

• A)the price level rises.
• B)the money wage rate falls.
• C)the price level falls.
• D)the money wage rate rises.
• E)both the price level and money wage rate rise by the same proportion.

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Definitions:

Advantage

A favorable or beneficial condition, circumstance, or position that improves one's ability to achieve success.

Competitors

Entities that compete within the same market, offering similar products or services to the same customer base.

Competitive Advantage

Competitive advantage occurs when a business possesses a unique feature, capability, or position that allows it to outperform competitors.

Survival

The ability of a person, organization, or entity to continue to exist or operate despite facing obstacles or adversity.