The Aggregate Supply Curve Will Shift to the Left If

question 17

Multiple Choice

The aggregate supply curve will shift to the left if

• A)energy prices fall.
• B)technology and productivity increase in the economy.
• C)the capital stock of the economy increases.
• D)the money wage rate increases.

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Definitions:

Valet

A service employee who parks cars for guests at venues, hotels, or restaurants.

Rebuttable Presumption

A legal assumption made by a court that is taken as true unless someone comes forward to contest it and prove otherwise.

Bailee

A person or entity temporarily holding property on behalf of another, under a bailment agreement, wherein the bailee is responsible for the safeguarding of the property.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.