Which of the Following Is Not a Factor That Can

question 159

Multiple Choice

Which of the following is not a factor that can shift the short-run aggregate supply curve?

• A) changes in the wage rate
• B) changes in the price of non-labor inputs such as oil
• C) changes in labor productivity
• D) a severe drought which extensively damages grain crops
• E) none of the above

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Definitions:

Article 2

A section of the Uniform Commercial Code (UCC) that governs the sale of goods in the United States, detailing rights, obligations, and warranties in sales contracts.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales and leases of goods.

Current Practices

The existing methods, procedures, or techniques that are widely used or employed in a particular field or industry.

Exclusive Dealing

An agreement between a supplier and a retailer where the retailer agrees to only purchase goods from the supplier, excluding products from competitors.