A Leftward Shift of the AS Curve Indicates

question 64

Multiple Choice

A leftward shift of the AS curve indicates:

• A)a decrease in aggregate supply.
• B)an increase in aggregate supply.
• C)a decrease in potential GDP.
• D)an increase in potential GDP.

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Definitions:

Notorious Liar

A person who is widely known for their persistent dishonesty or deception.

Argument

A set of statements where one or more premises are used to provide support for a conclusion.

Appeal to Authority

A logical fallacy where the conclusion is justified by citing an authoritative or perceived authoritative figure who mentioned it.

Non-expert

An individual who lacks specialized knowledge or expertise in a particular area or field.