Which of the Following Statements Best Illustrates a Correct Shift

question 94

Multiple Choice

Which of the following statements best illustrates a correct shift of the short run aggregate supply curve?

• A)The short-run aggregate supply curve is shifted rightward by an increase in the price of any input, and it is shifted leftward by a decrease.
• B)The short-run aggregate supply curve is shifted rightward by a technological breakthrough that increases the productivity of the labour force.
• C)The short-run aggregate supply curve is shifted leftward by a decrease in the price of any input, and it is shifted rightward by an increase.
• D)The short-run aggregate supply curve is shifted leftward by an increase of skilled workers in the labour force.

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Definitions:

Financial Statement

Reports that quantify the financial strength, performance, and liquidity of a company during a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating its typical increase direction.

Account Nature

Describes the classification of an account in accounting, such as asset, liability, equity, income, or expense.

Periodic Inventory Method

An inventory valuation method where the inventory balance is updated at specific intervals, such as monthly or yearly, rather than continuously.