Suppose There Is a Decrease in the Availability of an Important

question 171

Multiple Choice

Suppose there is a decrease in the availability of an important major resource, such as oil. Which of the following shifts would most likely occur?

• A)The aggregate supply would shift right.
• B)The aggregate supply would shift left.
• C)The aggregate demand would shift right.
• D)The aggregate demand would shift left.

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Definitions:

Computer-Integrated Manufacturing

A system of manufacturing in which all the processes are controlled by computers, resulting in reduced manual intervention and increased efficiency.

Flexible Manufacturing

An approach to production that allows for a range of products to be efficiently produced in varying volumes, adapting to market demands with flexibility in operations.

Production Managers

Individuals responsible for overseeing and managing the manufacturing process within an organization, ensuring efficient production and quality control.