A Rightward Shift of the Entire Supply Curve

question 82

Multiple Choice

A rightward shift of the entire supply curve

• A)is an increase in supply.
• B)might be due to a positive change in technology.
• C)might be due to a decrease in the cost of labor.
• D)might be due to an increase in the number of sellers.
• E)all of the choices are correct.

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Definitions:

Devalues

The reduction in the value of something, especially a currency.

US Exporters

Companies or entities based in the United States that sell goods or services to customers in other countries.

Price Level

A median calculation of the present prices for a broad range of goods and services in the economy.

Dollar Appreciate

Refers to the increase in value of the US dollar against other currencies, making foreign goods and services cheaper for US consumers but US exports more expensive for foreign buyers.