Aggregate Supply Increases When

question 69

Multiple Choice

Aggregate supply increases when:

• A) wage rates or interest rates decrease while the economy's price level remains unchanged.
• B) resource availability is reduced.
• C) there are fewer workers.
• D) there is less capital and the price level remains unchanged.
• E) there are increased inflationary expectations of labor.

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Definitions:

Detaches Emotionally

The process or action by which an individual emotionally withdraws or distances themselves from others or certain situations.

Disappointment

The feeling of sadness or displeasure caused by the nonfulfillment of one's hopes or expectations.

Lifetime

The duration or extent of time that an individual exists or a specific entity or event occurs.

Increased

Describes a process or trend where there is an augmentation or rise in the level, number, or amount of something.