List Three Events That Would Shift the Short-Run Aggregate Supply

question 10

Essay

List three events that would shift the short-run aggregate supply curve leftward.

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Definitions:

NFP Organization

A not-for-profit organization (NFP) is a type of organization that does not earn profits for its owners. All the money earned by or donated to an NFP is used in pursuing the organization's objectives and keeping it operational.

Endowment Fund

A fund where the principal amount is kept intact while the investment income is used for specific purposes, often found in non-profits and educational institutions.

Principal Amount

The initial size of a loan or bond or the amount deposited, excluding any interest or earnings.

Scholarships

Financial aid awarded to students to help pay for education expenses, often based on academic achievement or other criteria.