Which of the Following Events Will Increase Short-Run Aggregate Supply

question 128

Multiple Choice

Which of the following events will increase short-run aggregate supply?

• A) an advance in technology
• B) an increase in resource prices
• C) an increase in the natural unemployment rate
• D) an increase in foreign income

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Definitions:

Self-Serving Bias

The tendency for individuals to attribute their own successes to internal factors and put the blame for failures on external factors.

Fundamental Attribution Error

The tendency to overestimate the influence of personal characteristics and underestimate the role of situational factors in explaining others' behavior.

Self-Serving Bias

Self-serving bias is a cognitive bias that leads individuals to attribute their successes to personal qualities and their failures to external factors, protecting self-esteem.

Distinctiveness

The quality of being easily distinguished or set apart from others due to unique attributes or characteristics.