Which of the Following Would Cause a Decrease (Leftward Shift)

question 161

Multiple Choice

Which of the following would cause a decrease (leftward shift) in the short-run aggregate supply curve (SRAS) ?

• A) an increase in oil prices
• B) an advance in technology
• C) an increase in the CPI
• D) an increase in the long-run aggregate supply curve (LRAS)

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Definitions:

Underground Rock

Underground rock refers to rock formations that exist beneath the Earth's surface, playing a critical role in various geological processes and resource reservoirs.

Aral Sea

A lake that was once one of the four largest lakes in the world, located between Kazakhstan and Uzbekistan, now significantly reduced in size due to water diversion projects.

Salinity

The concentration of salt in water, often measured in parts per thousand.

Surface Area

The total area that the surface of an object occupies, influencing various physical and chemical properties like absorption and evaporation rates.