Which of the Following Causes a Leftward Shift in the Short-Run

question 30

Multiple Choice

Which of the following causes a leftward shift in the short-run aggregate supply curve?

• A) An increase of goods prices while nominal incomes are unchanged.
• B) An increase in nominal incomes.
• C) An increase of full-employment real GDP.
• D) An increase of personal consumption expenditures while the price level is unchanged.
• E) An increase of personal consumption expenditures while full-employment real GDP is unchanged.

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Definitions:

Exaggerated

Describes something that is overstated or made to seem more important or serious than it actually is.

Gambler's Fallacy

The incorrect idea that an increased frequency of an event in a certain period means it will happen less often later on, or the reverse.

Provincial Lottery

A gambling game managed at the provincial level where players buy tickets for a chance to win prizes based on drawn numbers.

Draw

In the context of games or competitions, it refers to a contest ending without a winner or in a tie; in art, it means to produce an image using pencils, pens, or other tools.