Which of the Following Shifts the Short-Run Aggregate Supply Left

question 7

Multiple Choice

Which of the following shifts the short-run aggregate supply left?

• A)an increase in price expectations
• B)an increase in the price level
• C)a decrease in the money supply
• D)a decrease in the price of oil

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Definitions:

Pollution Costs

entail the negative externalities or financial burdens on society resulting from environmental pollution.

Nondegradable Pollutants

Substances that do not break down naturally in the environment and can accumulate and cause harm over time.

Emissions Tax

A tax imposed on companies for the amount of greenhouse gases they emit into the atmosphere.

Tradable Emissions Permit

A market-based instrument that provides economic incentives for reducing the emissions of pollutants.