A Decrease in the Costs of Resources or Inputs of Production

question 80

Multiple Choice

A decrease 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:

Popular Thinking

The common or widespread thoughts, beliefs, or opinions held by the majority of people in a society.

Liberal Feminism

A branch of feminism that emphasizes the power of individual change to overcome social inequalities, particularly those regarding women's freedoms and rights.

Equal Environments

This concept suggests that individuals in the same environment are exposed to the same conditions, minimizing differences due to environmental variables.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.