When There Is a Shift the Aggregate Supply Curve Caused

question 41

Multiple Choice

When there is a shift the aggregate supply curve caused by factors external to a nation's economy, it is called

• A) a trade imbalance.
• B) government control.
• C) a supply shock.
• D) an economic anomaly.

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Definitions:

Mandated by Law

Required or enforced by legal authority or legislation.

Employee Benefits Packages

A collection of non-wage compensations provided to employees in addition to their normal salaries or wages.

Non-monetary Compensation

Compensation that is provided in forms other than cash payments, such as benefits, perks, or other non-cash rewards.

Work and Personal Lives

The interaction and balance between an individual's professional responsibilities and personal life outside of work.