Which of the Following Changes Aggregate Supply and Shifts the Aggregate

question 72

Multiple Choice

Which of the following changes aggregate supply and shifts the aggregate supply curve?
i. Change in the price level
ii. Change in potential GDP
iii. Change in the money wage rate

• A) i only
• B) ii only
• C) iii only
• D) ii and iii
• E) i, ii and iii

Identify and describe legal orders and mechanisms available for creditors to claim against partners' interests.

Analyze and interpret court rulings on partnership formation and disputes.

Differentiate between true partnerships and situations that do not meet legal definitions of partnership.

Understand the characteristics and formation requirements of limited liability partnerships (LLPs).

---

Definitions:

Market System Failure

An economic situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Unfunded Liability

A future government spending commitment (liability) for which the government has not legislated an offsetting revenue source.

Social Security

The social insurance program in the United States financed by federal payroll taxes on employers and employees and designed to replace a portion of the earnings lost when workers become disabled, retire, or die.

Monetary Policy

A central bank’s changing of the money supply to influence interest rates and assist the economy in achieving price-level stability, full employment, and economic growth.