A Movement Along the Economy's AS Curve Could Be Caused

question 56

Multiple Choice

A movement along the economy's AS curve could be caused by a change in

• A)labour productivity.
• B)the cost of capital.
• C)the price level,caused in turn by an AD shock.
• D)technology.
• E)the wage rate.

---

Definitions:

Amended

Modified for the better; refers to changes or corrections made to documents, laws, or statutes to include new information, address issues, or refine language.

Ratification Vote

A vote conducted to approve or confirm a decision or agreement, such as a constitution or treaty.

Constitution

The fundamental law or set of principles by which a nation or state is governed, outlining the powers and duties of the government and the rights of the citizens.

Unitary Government

A system of political organization in which most or all of the governing power resides in a centralized government.