Which of the Following Will Shift the Aggregate Supply Curve

question 52

Multiple Choice

Which of the following will shift the aggregate supply curve upward?

• A) A decrease in world oil prices
• B) Bad weather,which increases farmers' costs per unit of output
• C) Increases in consumer spending
• D) An increase in the price level
• E) Technological changes that improve worker productivity.

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Definitions:

Inventory Carrying Costs

The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.

Standard Deviation

An index indicating the degree of spread or diversity among values in a dataset.

Acquisition Lead Time

The total time taken from recognising a need for a product or service to when it is fully operational or delivered.

Inventory Handling Cost

The expenses associated with managing and maintaining inventory, including storage, labor, material handling, and related overhead.