-Refer to Exhibit 8-4

question 59

Multiple Choice

-Refer to Exhibit 8-4.A shift in short-run aggregate supply from SRAS₂ to SRAS₁ could have been the result of

• A) a decrease in the price level.
• B) an increase in the price level.
• C) an increase in wage rates.
• D) a decrease in wage rates.

---

Definitions:

Organisational Units

Organisational units are the structured subgroups within a larger corporation or entity, designed to perform specific functions or tasks in alignment with the organization's objectives.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.

Fundamental Characteristics

Essential attributes or qualities that define the nature or essence of something, often critical for understanding or analysis.

Continuous Improvement

A persistent initiative aimed at elevating the quality of products, services, or processes through both minor adjustments and major advancements.