Which of the Following Could Lead to a Decline in Aggregate

question 96

Multiple Choice

Which of the following could lead to a decline in aggregate supply?

• A)The discovery of new mineral deposits in Arizona
• B)Higher real wage rates in the U.S.
• C)Lower personal income in France
• D)Cutbacks in government borrowing
• E)Rapid depreciation of the Swiss franc

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Definitions:

Performance Levels

The degree to which an individual, group, or system accomplishes its goals or objectives effectively.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Maximum Efficiency

The highest level of productivity and effectiveness that can be achieved with the least amount of waste, effort, or expense.

Economic Benefits

Financial advantages or gains obtained from a particular activity, investment, or decision.