Which of the Following Would Cause a Decrease (Leftward Shift)

question 3

Multiple Choice

Which of the following would cause a decrease (leftward shift) in the short-run aggregate supply curve (SRAS) ?

• A) An increase in oil prices.
• B) An advance in technology.
• C) An increase in the CPI.
• D) An increase in the long-run aggregate supply curve (LRAS).

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Definitions:

Inner Bodily States

The physical sensations and feelings that originate within the body, such as hunger, thirst, fatigue, or pain.

External Incentives

Motivational factors outside an individual that stimulate a desire or energy to undertake a specific action or achieve a goal.

Bernard Bass

A renowned researcher in the field of leadership studies, particularly known for his work on transformational leadership.

Servant Leadership

Servant leadership is a leadership philosophy in which the primary goal of the leader is to serve others, prioritizing the needs of team members and encouraging their development and performance.