Which of the Following Shifts Short-Run Aggregate Supply Right

question 92

Multiple Choice

Which of the following shifts short-run aggregate supply right?

• A)An increase in the minimum wage
• B)An increase in immigration from abroad
• C)An increase in the price of oil
• D)An increase in the actual price level

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Definitions:

Compound Interest

Interest that accrues on the principal amount as well as on the accrued interest from earlier periods, for either a deposit or a loan.

Simple Interest Rate

The percentage of interest paid on the original principal amount of a loan or investment, not compounding over time.

Compound Interest

Interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.

Rates of Return

Financial returns or setbacks on an investment throughout a chosen timeframe, indicated as a percentage of the investment's original expenditure.