The Aggregate Supply Curve Would Shift Downward If

question 62

Multiple Choice

The aggregate supply curve would shift downward if

• A) unit costs increase due to an increase in output
• B) the wage rate increases
• C) good weather increases crop yields
• D) an increase in real GDP causes the price level to decrease
• E) an oil embargo causes world oil prices to rise

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Definitions:

Neurological Disorder

A disorder affecting the nervous system, including the brain, spinal cord, and nerves, often impacting movement, sensory perceptions, or cognitive functions.

Tremors

Involuntary, rhythmic muscle contractions leading to shaking movements in one or more parts of the body.

Cognitive Functioning

Pertains to the cognitive activities associated with acquiring understanding and knowledge, such as thought, recognition, memory, evaluation, and solving problems.

Old Age

A stage of life characterized by advanced age, often associated with retirement, increased health issues, and social changes.