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

question 169

Multiple Choice

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

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

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Definitions:

Recency Effect

The tendency to remember and give greater importance to the most recently presented information or experiences when recalling a list or sequence.

Actor-Observer Effect

A cognitive bias in which people attribute their own actions to external factors while attributing others’ actions to their personal traits or dispositions.

Individuation

The development of an individual's sense of self and distinct identity through psychological, emotional, and spiritual growth.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.