Which of the Following Will Shift the Keynesian Short-Run Aggregate

question 15

Multiple Choice

Which of the following will shift the Keynesian short-run aggregate supply curve downward and to the right?

• A) a rise in the price level
• B) a fall in the price level
• C) a decrease in input costs
• D) an increase in input costs

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Definitions:

Freedom of Enterprise

The freedom for individuals to start and operate private businesses in search of profits with minimal government intervention.

Competition

The economic rivalry between companies or individuals for a larger share of a market, leading to better quality products and services at lower prices.

Competition

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix.

Independently Acting Buyers

are consumers who make purchasing decisions based on their own preferences and circumstances, without coordinating with others.