A Leftward Shift of the AS Curve Indicates

question 64

Multiple Choice

A leftward shift of the AS curve indicates:

• A)a decrease in aggregate supply.
• B)an increase in aggregate supply.
• C)a decrease in potential GDP.
• D)an increase in potential GDP.

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Definitions:

Discrepancy

describes a lack of compatibility or similarity between two or more facts, amounts, or details.

Anxious

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Ideal Self

A person's conception of how they would like to be or what they strive to become, often serving as a motivational guide for personal growth and development.

Ought Self

A component of self-concept based on what individuals believe they should be or how they should behave, often influenced by societal norms and expectations.