-Refer to the Above Diagram

question 50

Multiple Choice

-Refer to the above diagram.If the aggregate supply curve shifted from AS₀ to AS₁,we could say that:

• A) aggregate supply has increased,equilibrium output has decreased,and the price level has increased.
• B) aggregate supply has decreased,equilibrium output has decreased,and the price level has increased.
• C) an increase in the amount of output supplied has occurred.
• D) aggregate supply has increased and the price level has risen to G.

---

Definitions:

Managerial Functions

The main roles and responsibilities of managers, typically including planning, organizing, leading, and controlling organizational resources to achieve goals.

Henri Fayol

A French engineer and scholar who is famous for developing the general theory of business administration and identifying the five primary functions of management.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Accounting Fraud

Intentional manipulation or falsification of financial records or transactions to deceive stakeholders, often resulting in financial gain for the perpetrator or the company.