Which of the Following Causes a Leftward Shift in the Short-Run

question 30

Multiple Choice

Which of the following causes a leftward shift in the short-run aggregate supply curve?

• A) An increase of goods prices while nominal incomes are unchanged.
• B) An increase in nominal incomes.
• C) An increase of full-employment real GDP.
• D) An increase of personal consumption expenditures while the price level is unchanged.
• E) An increase of personal consumption expenditures while full-employment real GDP is unchanged.

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Definitions:

Mitosis

A type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

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A state of awareness of one's self and the external environment.

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The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

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A theory of motivation that posits that people are driven to take certain actions in order to reduce the internal tension caused by unmet needs.