Which of the Following Would Qualify as an Aggregate Supply

question 13

Multiple Choice

Which of the following would qualify as an aggregate supply shock?

• A)An unexpected increase in oil prices
• B)A seasonally expected increase in oil prices
• C)An unexpected reduction in consumer confidence
• D)An anticipated tax cut

---

Definitions:

Central Traits

Essential characteristics that form the basis of an individual’s personality and are usually evident in their behavior.

Observable

Capable of being seen or noticed through direct observation or measurement.

Behavior

The actions or reactions of an organism or a system in response to external or internal stimuli.

Functionally Autonomous

A term by psychologist Gordon Allport referring to motives or behaviors that continue independently even after the original reasons for them have changed.