The Short-Run Aggregate Supply Curve Will Shift Leftward When

question 73

Multiple Choice

The short-run aggregate supply curve will shift leftward when

• A)consumption spending, investment spending, government purchases, or net exports decrease.
• B)price expectations are revised upward.
• C)actual prices in the economy as a whole increase.
• D)the economy's natural output level falls.

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Definitions:

Stanine

A nine-point scale used primarily in educational assessments to classify scores into nine broad levels, with 5 being average.

Percentile

A score indicating the percentage of scores in its frequency distribution that are equal to or lower than it.

SAT

A globally recognized college admission test that evaluates a student's readiness for college, focusing on subjects like mathematics and evidence-based reading and writing.

Norm-Referenced Test

A type of test designed to compare and rank test takers in relation to one another.