Suppose That Real Domestic Output in an Economy Is 20

question 22

Multiple Choice

Suppose that real domestic output in an economy is 20 units,the quantity of inputs is 10,and the price of each input is $4.Answer the following question on the basis of this information. Refer to the information.Given an increase in input price from $4 to $6,we would expect the aggregate:

• A) supply curve to shift to the left.
• B) supply curve to shift to the right.
• C) demand curve to shift to the left.
• D) supply and demand curves to both remain unchanged.

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Definitions:

Sartorius

The longest muscle in the human body, running diagonally across the thigh, involved in flexing, abducting, and rotating the hip.

Vastus Lateralis

A muscle in the thigh that is part of the quadriceps, it extends the leg at the knee.

Gluteus Maximus

The largest and most superficial of the three gluteal muscles, responsible for movement of the hip and thigh.

Trunk Region

The central part of the body to which the head and limbs are attached; in humans, it consists of the thorax and abdomen.