If the Aggregate Supply Curve Shifts Leftward,then _____

question 47

Multiple Choice

If the aggregate supply curve shifts leftward,then _____.

• A)the price level increases and output increases
• B)the resulting increase in the price level is usually called cost-push inflation
• C)the resulting increase in the price level is usually called demand-pull inflation
• D)the price level increases as long as the aggregate demand curve shifts rightward
• E)the price level decreases and output increases

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Definitions:

Group Members

Individuals who belong to a collective or team, working together towards shared objectives or interests.

Favoritism

The unfair favoring of one person or group over others based on subjective preferences rather than objective merit.

Cronyism

The practice of favoring one's close friends, especially in political appointments or business, regardless of their qualifications.

Organizational Politics

The behavior in workplaces that involves tactics of power and influence to achieve personal or organizational gain.