Which of the Following Changes Aggregate Supply and Shifts the AS Curve

question 249

Multiple Choice

Which of the following changes aggregate supply and shifts the AS curve?
I.a change in the price of a major resource
Ii.increases in the amount of capital
Iii.a change in the money income of consumers

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)i,ii,and iii

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Definitions:

Service

Activities performed to satisfy the needs or desires of others, which can range from manual labor to intellectual or artistic output.

State

A politically organized community living under a single system of government; may also refer to the governmental apparatus through which policies are enforced and administered.

Habsburg Empire

A major European political entity that existed from the late Middle Ages until 1918, ruled by the Habsburg dynasty, including territories in modern-day Austria, Hungary, and other regions.

Expanding Powers

Nations or entities that are in the process of increasing their political, economic, or military strength and influence on a regional or global scale.