Which of the Following Will Most Likely Increase Short-Run Aggregate

question 24

Multiple Choice

Which of the following will most likely increase short-run aggregate supply?

• A) unfavorable weather conditions in the nation's agricultural areas
• B) an increase in income tax rates
• C) an increase in the expected inflation rate
• D) a reduction in resource prices

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Definitions:

Economists

Professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and behaviors.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, such as purchasing assets or stocks.

Economic Term

A concept or terminology used within the field of economics to describe processes, theories, or phenomena related to how goods and services are produced, distributed, and consumed.

Opportunity Cost

Giving up potential improvements from various alternatives by choosing one option.