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

question 22

Multiple Choice

An increase in short-run aggregate supply could be the result of:

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

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Definitions:

Quality

The measure of excellence or state of being free from defects, deficiencies, and significant variations, brought by strict and consistent adherence to measurable and verifiable standards to achieve uniformity of output.

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