Which of the Following Events Will Lead to an Inward

question 130

Multiple Choice

Which of the following events will lead to an inward shift of the aggregate supply curve?

• A)an increase in the price level 
• B)an increase in consumer spending 
• C)an increase in labor productivity 
• D)an increase in wage rates

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Definitions:

Myelination

The process of forming a myelin sheath around the nerves to increase the speed at which electrical impulses are conducted.

Axons

Long, threadlike part of a nerve cell along which impulses are conducted from the cell body to other cells.

Action Potential

A rapid and temporary electrical signal that travels along the membrane of a neuron, facilitating neurotransmission.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act and is a component of self-regulation.