Other Things Being Equal,the Economy's AS Curve Will Shift Downward

question 57

Multiple Choice

Other things being equal,the economy's AS curve will shift downward if there is

• A)a decrease in labour productivity.
• B)a decrease in the cost of capital inputs.
• C)a decrease in the price level.
• D)an increase in the price level.
• E)an increase in nominal wages.

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Definitions:

Human Skill

The ability to work effectively with people, managing interpersonal relationships and communication.

Analytical Ability

The capacity to understand and dissect complex information, problems, or data, and make reasoned decisions or insights based on that analysis.

Selling Techniques

Selling techniques are strategies and methods used by sales professionals to convince customers to purchase products or services.

Preapproach Step

The phase in the sales process where research and planning are undertaken before making initial contact with potential customers.