​ a Decrease in Nominal Incomes Cause A

question 6

Multiple Choice

​ A decrease in nominal incomes cause a:

• A) ​rightward shift in the short-run aggregate supply curve.
• B) ​leftward shift in the short-run aggregate supply curve.
• C) ​rightward shift in the long-run aggregate supply curve.
• D) ​leftward shift in the long-run aggregate supply curve.

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Definitions:

Margin of Error

The range of values below and above a sample statistic in a survey that estimates the reliability or precision of the sample statistic as an approximation of the population parameter.

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for future observations.

Margin of Error

Margin of Error is a statistic expressing the amount of random sampling error in a survey's results, indicating the potential variability in the results.

Confidence Intervals

An interval of values, sourced from statistical analyses of a sample, that is conjectured to include the value of a mysterious population parameter.