Which of the Following Describes What Would Happen After an Increase

question 159

Multiple Choice

Which of the following describes what would happen after an increase in oil prices?

• A) A downward shift of the aggregate supply curve as unit costs decrease,followed by a gradual increase in the wage as employment increases,leading to a leftward shift of the aggregate supply curve
• B) An upward shift of the aggregate supply curve as unit costs increase,followed by a gradual decrease in the wage as employment decreases,leading to a leftward shift of the aggregate supply curve
• C) An upward shift of the aggregate supply curve as unit costs increase,followed by a gradual decrease in the wage as employment decreases,leading to a rightward shift of the aggregate supply curve
• D) A downward shift of the aggregate supply curve as unit costs decrease,followed by a gradual decrease in the wage as employment decreases,leading to a rightward shift of the aggregate supply curve
• E) An upward shift of the aggregate supply curve as unit costs increase,followed by a gradual decrease in the wage as employment increases,leading to a rightward shift of the aggregate supply curve.

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Definitions:

Service Standards

The predefined levels of quality and performance in service delivery that a business commits to achieve in its customer interactions.

Customer Complaints

Expressions of dissatisfaction or grievances made by customers about a product or service.

Customer Expectations

The set of beliefs or standards that consumers hold regarding the anticipated quality and service of a product or service before purchase.

Service Quality Gaps

Discrepancies between customers' expectations of service and their actual experiences, typically indicating areas needing improvement.