Which of the Following Would Affect Both Short-Run and Long-Run

question 50

Multiple Choice

Which of the following would affect both short-run and long-run aggregate supply?

• A) a supply shock
• B) menu costs
• C) money illusion
• D) technological change
• E) a change in the general price level

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Definitions:

Continually Changing

Undergoing constant transformation or evolution, never remaining static.

External Stimuli

Events or occurrences outside of an organism that influence its behavior or physiological responses.

Internal Sensations

Feelings or experiences that originate within the body, such as hunger, thirst, or pain.

Consciousness

The condition of being conscious and able to contemplate one’s own being, perceptions, cognitions, environment, and life events.