Which of the Following Supply Shocks Would Shift the Long-Run

question 183

Multiple Choice

Which of the following supply shocks would shift the long-run aggregate supply curve outward?

• A)an increase in business taxes
• B)an increase in gasoline taxes
• C)an increase in the cost of raw materials
• D)an increase in the amount and cost of government regulation
• E)an increase in agricultural output

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Definitions:

Absolute Threshold

The minimum stimulus intensity required to be perceived by a sensory system.

Absolute Thresholds

The minimum intensity of stimulation that must occur before you experience a sensation.

Candle Flame

The visible portion of a candle that is ignited, producing light and heat from the combustion process.

Sensation

The process by which sensory receptors and the nervous system receive and represent stimulus energies from our environment.