An Increase in Short-Run Aggregate Supply Could Be the Result

question 122

Multiple Choice

An increase in short-run aggregate supply could be the result of a(n)

• A) increase in the general price level.
• B) negative supply shock.
• C) increase in the price of oil.
• D) increase in consumption spending.
• E) reduction in expected future prices.

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Definitions:

New York

A state in the northeastern U.S., known for its cultural, financial, and media influence globally, with New York City as its largest and most famous city.

Attractive People

Individuals perceived to possess a high degree of physical beauty or appeal to others, often influencing social interactions and outcomes.

Proximity

A Gestalt principle of perception; the tendency to perceive objects that are close to each other as part of the same grouping; physical or geographical nearness.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, including adopting the cultural traits or social patterns of another group.