Which of the Following Would Shift the SRAS Curve

question 32

Multiple Choice

Which of the following would shift the SRAS curve?

• A) changes in the exchange rate
• B) changes in the price of oil
• C) changes in inflationary expectations
• D) all of the above
• E) none of the above

Understand the role and types of heuristics in simplifying decision making.

Recognize methods to mitigate the escalation of commitment.

Understand the limitations of human decision-making in various environments due to cognitive and informational constraints.

Identify and differentiate between the key theories and models of decision-making and their applications.

---

Definitions:

Action

In the context of decision-making or behavior, the process or act of doing something towards achieving a specific result or outcome.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.

Defective Items

Products that fail to meet quality standards or specifications.

Estimate

To determine an approximate calculation or judgment of a numerical value.