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Which of the Following Shifts the Aggregate Supply Curve Rightward

question 116

Multiple Choice

Which of the following shifts the aggregate supply curve rightward?
I.The money wage rate rises.
Ii.Potential GDP increases.
Iii.Government expenditure on goods and services increases.


Definitions:

Prime Cost

The sum of direct materials cost and direct labor cost, representing the direct production costs.

Cost Structure

The composition of different types of costs within a company or specific project, often categorized into fixed and variable costs.

Contribution Margin

The amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and contribute to profit.

Product Mix

The variety of products that a company produces or sells, considering the diversity in type, size, and quality.

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