All of the Following Will Cause the Short Run Aggregate

question 94

Multiple Choice

All of the following will cause the short run aggregate supply to shift except for changes in:

• A) resource prices
• B) technology
• C) expectations
• D) price level
• E) none - changes in all of these will cause the aggregate supply curve to shift

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Definitions:

Income Inequality

The uneven distribution of income within a population, often measured and analyzed through various economic indicators.

Unionism

The advocacy, formation, or activities of labor unions, which are organizations that represent the collective interests of workers in negotiations with employers.

Highly Skilled Workers

Individuals with advanced training, expertise, and experience in specific fields, making them capable of performing complex tasks proficiently.

Income Distribution

The distribution of total earnings among individuals within a society.