Which of the Following Supply Shocks Would Shift the Aggregate

question 44

Multiple Choice

Which of the following supply shocks would shift the aggregate supply curve inward?

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

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Definitions:

Accountant's Role

Responsibilities include preparing financial records, ensuring their accuracy, and providing insights based on financial information to help in strategic decision-making.

Financial Statements

Documents that provide an overview of a company's financial performance and condition, including balance sheet, income statement, and cash flow statement.

Financial Statements

Written records that convey the business activities and the financial performance of a company, typically including the balance sheet, income statement, and cash flow statement.

Benchmark Information

Benchmark information refers to a standard or point of reference against which things may be compared or assessed, often used in financial contexts to measure the performance of investments or portfolios.