An Increase in the Costs of Resources or Inputs of Production

question 35

Multiple Choice

An increase in the costs of resources or inputs of production would 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:

Sidewalk

A paved path for pedestrians on the side of a street or road.

Representativeness

The degree to which a particular studied group is similar to, or represents, any part of the larger society.

Sample Size

The number of subjects or units included in a study or experiment, crucial for obtaining statistically significant results.

Interviews

A method of data collection in research, involving direct, face-to-face, or virtual communication in which one individual (the interviewer) asks a set of predetermined questions to another individual (the interviewee).