Which of the Following Would Affect Both Short-Run and Long-Run

question 50

Multiple Choice

Which of the following would affect both short-run and long-run aggregate supply?

• A) a supply shock
• B) menu costs
• C) money illusion
• D) technological change
• E) a change in the general price level

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Definitions:

Tonnes

A metric unit of mass equivalent to 1,000 kilograms or approximately 2,204.6 pounds.

Processing Mill

A facility where raw materials are processed, refined, or transformed into finished products through various mechanical or chemical procedures.

Transportation Costs

The expenses associated with moving goods from one location to another, including fuel, labor, and maintenance of vehicles.

Composite Score

An aggregated score that combines several individual scores or measures to form a single summary statistic.