A Decrease in Aggregate Supply in the Short Run Is

question 2

Multiple Choice

A decrease in aggregate supply in the short run is

• A)shown by a shift to the left of the AS curve.
• B)shown by a shift to the right of the AS curve.
• C)interpreted to mean that more national output will be supplied at any given price level.
• D)caused by a decrease in the price level.
• E)caused by an increase in the price level.

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Definitions:

Personal Control

An individual's ability to influence or manage their own behavior and environment.

Optimism

The inclination to maintain a hopeful and positive attitude towards the future, expecting good outcomes.

Power And Authority

Refers to the capacity to influence or control others' actions and the legitimate right to make decisions, respectively.

Ideal Self

The way you would like to be or plan to become.