The Short-Run Aggregate Supply Is Most Likely to Shift Down

question 91

Multiple Choice

The short-run aggregate supply is most likely to shift down (to the right) when actual output is:

• A)equal to potential output.
• B)less than potential output
• C)greater than potential output.
• D)not equal to potential output, regardless of whether it is above or below.

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Definitions:

Intelligence

The skill to grasp, interpret, and employ data, tackle issues, and adapt to changes in circumstances.

Charles Spearman

A British psychologist known for his work in statistics and intelligence theory, notably for his proposal of the g factor, or general intelligence.

General Ability

General ability refers to the overall cognitive capacity of an individual, including elements such as memory, reasoning, problem-solving, and intelligence.

Intelligence

The capacity for absorbing lessons from past encounters, addressing difficulties, and leveraging insight to adapt to fresh scenarios.