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

question 167

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 (wages and salaries)
• C) an increase of full-employment real GDP
• D) an increase of personal consumption expenditures while the price level is unchanged

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Definitions:

Agoraphobia

An anxiety disorder characterized by an intense fear of being in places where escape might be difficult or that help wouldn't be available if things go wrong.

Trichotillomania

An impulse control disorder characterized by a recurrent, irresistible urge to pull out one's own hair.

GABA Deficiency

A shortage of gamma-aminobutyric acid, a neurotransmitter that inhibits or reduces activity within the nervous system, potentially leading to anxiety or mood disorders.

Obsessive-compulsive Disorder

A chronic mental health condition where people experience unwanted thoughts (obsessions) and repetitive behaviors (compulsions).