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:

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A social position that an individual gains through their own efforts, choices, or accomplishments rather than being born into it.

Macroanalysis

Analysis of the whole of society, how it is organized and how it changes.

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Content Analysis

A research technique for systematically analyzing textual material by categorizing content into groups for further interpretation.