Factors That Could Cause a Supply Curve to Shift to the Right

question 99

Multiple Choice

Factors that could cause a supply curve to shift to the right include all of the following except:

• A)a drop in the price of inputs to the supply process.
• B)an increase in the number of firms in the industry.
• C)an increase in demand for the product.
• D)a technological innovation that makes it cheaper to produce the product.

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Definitions:

Public Debt

The total amount of money that a government owes to creditors, typically as a result of borrowing to finance its expenditures.

GDP

Gross Domestic Product, which measures the total value of all goods and services produced within a country's borders in a specific time period.

Percentage

A percentage is a way of expressing a number or ratio as a fraction of 100, used to compare sizes of quantities and changes in them over time.

Automatic Stabilizers

Financial policies and schemes intended to balance out variations in a country's economic performance, avoiding extra government or policymaker involvement.