In Reference to the Aggregate Supply Curve, What Would a Decrease

question 121

Multiple Choice

In reference to the aggregate supply curve, what would a decrease in the price level cause?  

• A) an increase in the quantity of aggregate output supplied 
• B) a decrease in the quantity of aggregate output supplied 
• C) a leftward shift of the aggregate supply curve 
• D) a rightward shift of the aggregate supply curve

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Definitions:

Kaizen

A Japanese business philosophy of continuous improvement of working practices, personal efficiency, etc.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.

Kaizen

A Japanese term meaning "continuous improvement," it's a business philosophy focusing on the ongoing improvement of processes in manufacturing, engineering, and business management.

Keiretsu

A network of interlinked Japanese companies, often bound by cross-shareholdings, collaborating closely for mutual benefit.