Which of the Following Events Shifts the Short-Run Aggregate Supply

question 14

Multiple Choice

Which of the following events shifts the short-run aggregate supply curve to the right?

• A) technological improvements
• B) increases in input prices
• C) reductions in the amounts of available labor and capital
• D) increases in consumer and government spending
• E) significant shortages of important raw materials

Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.

Appreciate the complexities and capabilities offered by modern supply chain management systems (SCM).

Identify the significance of upstream and downstream flows in supply chains.

Acknowledge the role of integration and collaboration tools in SCM, such as EDI, XML, and intranets.

---

Definitions:

Macroeconomics

The branch of economics that is concerned with the overall ups and downs in the economy.

Computer Engineers

Professionals who design, develop, and test computer systems and components such as processors, circuit boards, memory devices, and networks.

Services Society

A society where the economy is significantly driven by the provision of services rather than the production of goods.

Freshwater

Refers to water bodies like lakes, rivers, and ponds that have low salt concentrations compared to seawater.