An Increase in Short-Run Aggregate Supply Is

question 116

Multiple Choice

An increase in short-run aggregate supply is

• A)the result of an increase in the price level.
• B)represented by a movement up along the SRAS curve.
• C)represented by a rightward shift in the SRAS curve.
• D)both a and b
• E)both a and C

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Definitions:

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment, serving as a baseline to compare with the experimental group.

Extraneous Variable

In experimental research, a variable not controlled that could impact the outcome, potentially introducing error.

Independent Variable

In an experiment, the variable that is manipulated by the researcher to observe its effects on the dependent variable.

Control Group

In experimental research, it refers to the group of participants that does not receive the experimental treatment, serving as a benchmark to measure how the other tested subjects do.