Which of the Following Supply Shocks Would Shift the Aggregate

question 44

Multiple Choice

Which of the following supply shocks would shift the aggregate supply curve inward?

• A)a decrease in business taxes
• B)a decrease in gasoline taxes
• C)a decrease in the cost of raw materials
• D)a decrease in agricultural output
• E)a decrease in the amount and cost of government regulation

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Definitions:

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold.

Perpetual Inventory Method

An inventory management system where updates are made continuously to record sales and purchases instantly, maintaining constant and accurate inventory records.

Consolidation Worksheet

A tool used in accounting to combine the financial statements of parent and subsidiary companies into a single document for analysis.

Inventory Transfer

The movement of goods from one location to another, typically between departments or segments within a company.