Which of the Following Could Be Expected to Shift the Short-Run

question 150

Multiple Choice

Which of the following could be expected to shift the short-run aggregate supply curve leftward?

• A)wage increases with corresponding increases in labour productivity
• B)a decrease in the price of oil
• C)a natural disaster
• D)an increase in interest rates affecting the cost of capital

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Definitions:

Disaster/Crisis Drills

Exercises or simulations designed to prepare individuals and organizations for the event of a disaster or crisis.

Shelter-In-Place

A safety protocol instructing individuals to stay indoors and secure their location during emergencies or threats.

Harmful

Causing or capable of causing damage or injury; detrimental.

Building

The process of constructing structures or the structures themselves, usually referring to houses, offices, and other architectural edifices.