When Potential GDP Increases,the Potential GDP Line ________,And the Aggregate

question 161

Multiple Choice

When potential GDP increases,the potential GDP line ________,and the aggregate supply curve ________.

• A)shifts rightward;shifts rightward
• B)shifts leftward;shifts rightward
• C)shifts rightward;shifts leftward
• D)shifts leftward;shifts leftward
• E)shifts rightward;does not shift

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Definitions:

Cost Of Goods Manufactured

The cumulative expenses a business incurs to manufacture products during a particular timeframe, encompassing materials, workforce, and indirect costs.

Direct Labour

The workforce directly involved in the production of goods or the provision of services.

Cost Of Goods Sold

Expenses directly related to the production of a company’s merchandise for sale, including the cost of labor and materials.

Raw Materials

The basic material from which a product is made, typically used in the manufacturing or production process.