Which Statement Is Consistent with the Theory of Aggregate Supply

question 110

Multiple Choice

Which statement is consistent with the theory of aggregate supply?

• A) An increase in the expected price level shifts the short-run aggregate-supply curve to the right, and an increase in the actual price level shifts the short-run aggregate supply to the right.
• B) An increase in the expected price level shifts the short-run aggregate-supply curve to the right, and an increase in the actual price level does not shift the short-run aggregate supply.
• C) An increase in the expected price level shifts the short-run aggregate-supply curve to the left, and an increase in the actual price level shifts the short-run aggregate supply to the left.
• D) An increase in the expected price level shifts the short-run aggregate-supply curve to the left, and an increase in the actual price level does not shift the short-run aggregate supply.

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Definitions:

Enzymatic Degradation

The process by which enzymes break down substances into simpler molecules, often utilized in recycling or waste management of biological entities.

Acetylcholine

A neurotransmitter involved in many functions, including muscle activation, heart rate, memory, and attention, within both the central and peripheral nervous systems.

Reuptake

The process by which neurotransmitters are taken back into the neurotransmitter-releasing neuron after being released into the synaptic cleft, helping to terminate the signal between neurons.

Nucleic Acid

Essential biomolecules comprised of nucleotides that store and transmit genetic information, including DNA and RNA.