All Else Equal, a Shift in the Aggregate Supply Curve

question 159

Multiple Choice

All else equal, a shift in the aggregate supply curve _______ price and _______ output.

• A) decreases; increases
• B) decreases; decreases
• C) increases; increases
• D) increases; decreases

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Definitions:

Asian Descent

Describes individuals whose ancestry originates from countries in Asia.

Incentive

Motivation or reward offered to encourage specific actions or behaviors.

Motivate Behaviour

The process of stimulating an individual to act in a certain way or to pursue particular goals through internal or external incentives.

External Goal

Objectives or outcomes sought after that exist outside of an individual's internal desires or motivations.