The Following Is a List of Economic Events

question 17

Multiple Choice

The following is a list of economic events:
1.A big cut in the price of imported oil.
2.An increase in the money supply.
3.An increase in labour productivity.
4.A decline in the GDP of the USA
5.A big rise in nominal wages.
-Refer to the information above to answer this question.Which of the listed economic events will cause an increase in both the aggregate supply and in the LAS curve?

• A)1 only
• B)2 only
• C)3 only
• D)5 only

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Definitions:

Entrepreneurial Culture

An organizational environment that values innovation, risk-taking, and the pursuit of new business opportunities.

Job Security

The probability that an individual will retain their employment position without the risk of becoming unemployed.

Organizational Culture

The system of shared beliefs, values, customs, behaviors, and artifacts that the members of an organization use to cope with their world and with one another.

Employee Preferences

The various desires or priorities of employees, such as work conditions, benefits, and job roles.