Which of the Following Shifts the Short-Run Aggregate Supply Curve

question 56

Multiple Choice

Which of the following shifts the short-run aggregate supply curve to the right?

• A)a decrease in the actual price level
• B)an increase in the actual price level
• C)a decrease in the expected price level
• D)an increase in the expected price level

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Definitions:

National Power

Refers to the sum of political, economic, military, and cultural strengths of a country in the international arena.

American Federalism

A form of governance where authority is shared between the central (federal) government and several state governments.

Federal Government Power

The authority held by the federal or national government, as distinguished from state or local governments.

1930s

The decade ranging from the year 1930 to 1939, significant for its economic depression globally known as the Great Depression.