​ a Decrease in Nominal Incomes Cause A

question 6

Multiple Choice

​ A decrease in nominal incomes cause a:

• A) ​rightward shift in the short-run aggregate supply curve.
• B) ​leftward shift in the short-run aggregate supply curve.
• C) ​rightward shift in the long-run aggregate supply curve.
• D) ​leftward shift in the long-run aggregate supply curve.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity by accelerating the heart rate, constricting blood vessels, and raising blood pressure.

Calming Reaction

A response that leads to a decrease in physiological or emotional arousal, often as a result of soothing stimuli or reassurance.

Multiple Sclerosis

A chronic autoimmune disease affecting the central nervous system, leading to various neurological symptoms.

Myelin

A fatty substance that forms a sheath around the axons of many neurons, increasing the speed at which electrical impulses propagate along the nerve cells.