Which of the Following Increases Aggregate Supply in the Short-Run

question 80

Multiple Choice

Which of the following increases aggregate supply in the short-run, everything else held constant?

• A) An increase in the price of crude oil
• B) A successful wage increase led by workers
• C) Expectations of a higher inflation rate
• D) A technological improvement that increases worker productivity

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Definitions:

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to the order of a specific person or to the bearer.

Trade Practice

Trade practice involves the customary ways in which trade is conducted within a particular industry, including standards of conduct, competition, and fair dealing.

Claim in Recoupment

A legal claim made in defense to a counterclaim, aiming to offset or reduce the amount of damages sought by the original claimant.

Personal Defense

Legal arguments or claims that an individual can use to avoid enforcement of a contract or demand based on issues personal to him or her.