In Reference to the Aggregate Supply Curve, What Would an Increase

question 84

Multiple Choice

In reference to the aggregate supply curve, what would an increase 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:

Trading To Available-For-Sale

The process of reclassifying a security from being actively traded to being held with the intention not to sell in the near term.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all non-owner changes in equity such as unrealized gains and losses.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Trading Securities

Financial instruments that are bought and sold for the purpose of generating profits on short-term fluctuations in price.