If Congress Passed New Laws Significantly Increasing the Regulation of Business

question 124

Multiple Choice

If Congress passed new laws significantly increasing the regulation of business, this action would tend to

• A)increase per-unit production costs and shift the aggregate supply curve to the left.
• B)increase per-unit production costs and shift the aggregate supply curve to the right.
• C)increase per-unit production costs and shift the aggregate demand curve to the left.
• D)decrease per-unit production costs and shift the aggregate supply curve to the left

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Definitions:

Stratification

The arrangement or classification of something into different groups or layers, often based on socioeconomic status.

Wealth

The monetary value of everything one actually owns.

Financial Assets

Economic resources or assets that are paper-based, including stocks, bonds, bank deposits, and other investments.

Monetary Value

The value of a good or service determined by the amount of money that it can be traded or sold for in a market.