Which of the Following Shifts the Short-Run Supply Curve to the Right

question 155

Multiple Choice

Which of the following shifts the short-run supply curve to the right?

• A)An increase in the price level
• B)An increase in the minimum wages
• C)A decrease in the price of oil
• D)All of these responses are correct.

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Definitions:

Disposable Income

The cash flow available to households for the purposes of spending and saving after income taxes.

Disposable Income

Disposable Income is the amount of money that households have available for spending and saving after income taxes have been accounted for, directly influencing consumption and savings behavior.

Saving

The act of setting aside a portion of current income for future use or investment, contributing to individual financial security and potential economic growth.

Disposable Income

Post-tax funds households can use for expenditure and savings.