A Decrease in Resources,efficiency,or Technology Will Shift The

question 1

Multiple Choice

A decrease in resources,efficiency,or technology will shift the:

• A)short-run aggregate supply curve rightward.
• B)short-run aggregate supply curve leftward.
• C)long-run aggregate supply curve rightward.
• D)long-run aggregate supply curve leftward.

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Definitions:

Economic Globalization

The process of increasing interdependence and interconnectedness of global economies through trade, investment, technology, and the flow of information and culture.

NAFTA

The North American Free Trade Agreement, an accord among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.

Yasir Arafat

A Palestinian political leader and Chairman of the Palestine Liberation Organization, known for his role in the Israeli-Palestinian conflict.

Yitzhak Rabin

The fifth Prime Minister of Israel, known for his efforts in the peace process with Palestine, including the signing of the Oslo Accords.