Which One, If Any, of the Following Events Shift the Short-Run

question 136

Multiple Choice

Which one, if any, of the following events shift the short-run aggregate supply curve but not the long-run aggregate supply curve?

• A)a change in factor prices
• B)a change in the quantity of capital
• C)an advance in technology
• D)an increase in the full-employment quantity of labour
• E)none of the above

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Definitions:

Southern Song Period

Refers to the period of the Song Dynasty in China, from 1127 to 1279, known for its advancements in art, culture, and philosophy.

Neo-Confucianism

A revival and reinterpretation of Confucian thought that emerged in China around the 9th century, integrating Buddhist and Daoist elements.

Landscape Painting

Artistic depictions focused on natural scenery such as mountains, valleys, trees, rivers, and forests, often with an emphasis on the beauty of the natural world.

Daoist Emphasis

The focus or importance placed on Daoist principles, such as harmony with nature, in various aspects of culture, philosophy, and religion.