What Would Cause Prices to Fall and Output to Rise

question 187

Multiple Choice

What would cause prices to fall and output to rise in the short run?

• A) short-run aggregate supply shifts right
• B) short-run aggregate supply shifts left
• C) aggregate demand shifts right
• D) aggregate demand shifts left

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Definitions:

Misleading Advertising

Advertising that deceives or is likely to deceive, and can affect purchasing decisions.

Competition Act

Legislation designed to prevent anti-competitive practices in the marketplace, promoting fair competition for the benefit of consumers.

Competition Tribunal

A specialized legal body or court responsible for adjudicating issues related to competition law and antitrust policies.

Rectification Order

A court order to correct or rectify a mistake within a document to reflect accurately what was originally intended.