Which of the Following Shifts the Aggregate Supply Curve Leftward

question 42

Multiple Choice

Which of the following shifts the aggregate supply curve leftward?

• A) A fall in the money wage rate.
• B) A decrease in the price level.
• C) An increase in potential GDP.
• D) A fall in the real wage rate.
• E) A decrease in potential GDP.

---

Definitions:

Assimilation

The cognitive process in which new information is integrated into pre-existing schemas or knowledge structures.

Existing Schema

A cognitive framework or concept that helps organize and interpret information, existing schemas are used by the brain to perceive new information.

Accommodation

In cognitive psychology, the process of altering one's mental representations to better accommodate external realities.

Erikson's Stages

A theory proposed by Erik Erikson that outlines eight stages of psychological development, from infancy through late adulthood.