Which of the Following Would NOT Shift a Country's Short-Run

question 61

Multiple Choice

Which of the following would NOT shift a country's short-run aggregate supply curve to the right?

• A) lower nominal wages
• B) higher productivity
• C) lower input costs
• D) higher inflation

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Definitions:

Security Interest

A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on the agreement.

Legal Enforceability

The characteristic of a contract or agreement that allows it to be upheld or compelled by law.

Perfection

The state of being free from all flaws or defects, or achieving the highest degree of excellence.

Balloon-Payment Mortgage

A mortgage that has relatively low fixed payments during the life of the mortgage followed by one large final (balloon) payment.