The Aggregate Supply Curve Will Shift as a Result of a Change

question 22

Multiple Choice

The aggregate supply curve will shift as a result of a change in
1) the wage rate;
2) the price level;
3) technology.

• A)1 only
• B)2 only
• C)3 only
• D)1 and 3
• E)2 and 3

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Definitions:

Social Media

Online platforms where users create, share, or exchange information and ideas in virtual communities and networks.

Cultures

The beliefs, practices, arts, institutions, and all other products of human work and thought considered as a unit, especially as it pertains to a particular group of people at a certain time.

Percentage

A portion of 100 used in mathematics to express quantities as a fraction of 100.

Work Time

The period during which an individual is obligated to perform tasks or duties for an employer.