All Items Below Will Decrease Short-Run Aggregate Supply EXCEPT

question 221

Multiple Choice

All items below will decrease short-run aggregate supply EXCEPT

• A) a decrease in the marginal tax rates.
• B) an increase in the prices of inputs.
• C) a decrease in training and education.
• D) a decrease in labor supply.

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Definitions:

Physiological Needs

The most basic of Maslow’s hierarchy of needs having to do with the satisfaction of physical needs, including food and shelter.

Safety and Security

Basic human needs that involve being free from harm and threat, including protection of one's health and property.

Belongingness

The human emotional need to be an accepted member of a group, feeling of connection and acceptance within a social framework.

Esteem

A term that denotes respect and admiration, typically for a person or an entity's qualities or achievements.