Firms' Manufacturing Costs Increase Substantially Due to Higher Electricity Tariffs

question 34

Multiple Choice

Firms' manufacturing costs increase substantially due to higher electricity tariffs. How will this affect the economy?

• A) Aggregate supply will rise causing a boom in the economy.
• B) Aggregate supply will fall and the economy will move into recession.
• C) Aggregate demand will fall and the economy will move into recession.
• D) Aggregate demand will rise causing a boom in the economy.

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Definitions:

Applied Behavior Analysis

A scientific discipline concerned with applying techniques based upon the principles of learning to change behavior of social significance.

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Social Skills

The abilities necessary for successful social communication and interaction, including verbal and nonverbal communication.

Sensory Abilities

The capacities to receive and process information from the environment through sight, hearing, smell, taste, and touch.