​ 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:

Ethnicity

A category of people who identify with each other based on shared attributes that can include culture, language, heritage, religion, and customs.

Academic Behavior

Conduct and actions related to participation in academic settings, affecting learning and achievement.

Social Behavior

The interaction and communication among individuals within a society, including cooperation, competition, and conflict, influenced by societal norms and cultural backgrounds.

Concept of Control

In experiments, the practice of minimizing external variables that could affect the outcome, to ensure that the results are due to the variable being tested.