Examlex
Which of the following shifts the short-run aggregate supply right?
Income Effect
How shifts in someone's or an entire economy's income level influence the demand for goods or services.
Indifference Curve
A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs in consumption preferences.
Price Change
An adjustment in the price level of goods or services, which can be influenced by factors like supply and demand, inflation, and market competition.
Income Effect
Variations in personal or economic income and their influence on the demanded quantity of particular goods or services.
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