Suppose There Is a Decrease in the Availability of an Important

question 191

Multiple Choice

Suppose there is a decrease in the availability of an important major resource,such as oil.Which shift would most likely occur?

• A) The aggregate supply would shift right.
• B) The aggregate supply would shift left.
• C) The aggregate demand would shift right.
• D) The aggregate demand would shift left.

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Definitions:

Home Office

A designated space within an individual's residence set up for professional tasks, enabling work from home arrangements.

Telecommuting

A work arrangement that allows employees to perform their job duties from outside the traditional office environment, usually from home, using telecommunications technologies.

Flexible Work Arrangement

Employment terms that allow for variations in working hours, locations, or schedules to accommodate employees' needs and improve work-life balance.

Compressed Workweek

A work schedule that allows an employee to work a full-time job in fewer than the conventional five days.