Which of the Following Shifts the Short-Run, but Not the Long-Run

question 196

Multiple Choice

Which of the following shifts the short-run, but not the long-run, aggregate supply right?

• A)a decrease in the price level
• B)a decrease in the expected price level
• C)a decrease in the capital stock
• D)an increase in the money supply

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Definitions:

Step-aerobics

A form of aerobic exercise involving stepping up and down on a stationary block in different patterns and intensities.

Test Statistic

A calculated value from sample data used to test a hypothesis in statistical testing, determining whether to reject the null hypothesis.

μ

The symbol commonly used to represent the mean or average of a population in statistics.

Simple Random Sample

A segment of a statistical population in which every individual posseses the same likelihood of being selected.