Which of the Following Shifts Short-Run Aggregate Supply Right

question 2

Multiple Choice

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

• A)an increase in the minimum wage
• B)an increase in immigration from abroad
• C)an increase in the price of oil
• D)an increase in the actual price level

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Definitions:

Moving Average

A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set to identify trends.

Mattress Sales

The retail activity focused on selling mattresses to consumers, involving aspects of marketing, distribution, and product design specific to mattresses.

Seasonal Indexes

A set of numbers used to adjust data for seasonal effects, allowing for comparison and analysis of underlying trends by compensating for regular, periodic fluctuations.

Seasonal Variation

Regular variations in data that happen at consistent intervals because of seasonal influences.