The Figure Below Shows the Aggregate Demand and Supply Curves

question 115

Multiple Choice

The figure below shows the aggregate demand and supply curves for the U.S. A rightward shift of the aggregate supply curve from AS to AS' would be caused by:

• A) an increase in resource prices, improved technology, or an extension of patent protection.
• B) a decrease in resource prices, improved technology, or an extension of patent protection.
• C) a decrease in resource prices, improved technology, or a shortening of patent protection.
• D) an appreciation of the dollar, higher inflation in Europe, or a decrease in resource prices.
• E) a depreciation of the dollar, higher inflation in Asia, or improved technology.

---

Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, age, gender, religion, national origin, physical or mental disability, or sexual orientation, among other factors.

Underemployment

Failure to use our resources efficiently. A situation in which workers are employed in positions requiring less skill and education than they have or other resources are not employed in their most productive use.

Opportunity Cost

Loss of potential earnings from different choices when one is picked.

Employment Discrimination

It refers to unfair or unequal treatment of an individual or group based on characteristics such as race, gender, age, religion, or disability in the workplace.