Exhibit 14-2 Aggregate Supply and Demand Curves

question 29

Multiple Choice

Exhibit 14-2 Aggregate supply and demand curves

-A shift in the aggregate supply curve in Exhibit 14-2 from AS₁ to AS₂ would be caused by a(n) :

• A) decrease in input prices.
• B) increase in input prices.
• C) increase in real GDP.
• D) decrease in real output.

---

Definitions:

Sapir-Whorf Thesis

The theory that the structure of a language influences its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.

Rites of Passage

Ceremonial events or processes that mark an individual's transition from one social status to another.

Rite of Passage

A ceremony or event marking an important stage in someone's life, particularly transitions such as puberty, marriage, or death.

Rights Revolution

A period of significant sociopolitical change, marked by the expansion and recognition of individual rights, including civil, political, and social rights.