In the Short Run, a Rightward Shift of the Short-Run

question 408

Multiple Choice

In the short run, a rightward shift of the short-run aggregate supply curve ________ real GDP and ________ the price level.

• A) decreases; lowers
• B) increases; raises
• C) decreases; raises
• D) increases; lowers

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Definitions:

Decentralized

A system in which decision-making and authority are distributed among various levels or locations rather than being concentrated in a single central organization.

Decision Rights

Guidelines or policies that determine who in an organization has the authority to make certain decisions.

Relevant Information

Data or facts that are pertinent to a decision-making process or that affect the outcome of a situation.

Incentive Compensation

A type of reward given to employees for meeting certain performance goals or objectives.