Higher Resource Costs Shift the

question 185

Multiple Choice

Higher resource costs shift the

• A) long-run aggregate supply curve leftward, decreasing real GDP and increasing potential GDP.
• B) short-run aggregate supply curve leftward, raising the price level and decreasing potential GDP.
• C) short-run aggregate supply curve leftward, raising the price level and decreasing real GDP so it is less than potential GDP.
• D) short-run aggregate supply curve rightward, raising the price level and decreasing real GDP so it is less than potential GDP.

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Definitions:

Legislative Agenda

The set of priorities and proposed laws that a legislative body or a politician aims to enact and implement.

Interest Groups

Organizations formed to influence public policy in favor of the group's interests, typically through lobbying, fundraising, and informational campaigns.

Committee Assignments

Tasks or roles designated to specific members within a committee, often within legislative bodies, to focus on particular areas of expertise or interest.

Impeached

The act of charging a public official, such as the President or other federal officers, with misconduct while in office.