Which of the Following Would Cause the Short-Run Aggregate Supply

question 200

Multiple Choice

Which of the following would cause the short-run aggregate supply curve to shift to the right?

• A)an increase in the price level
• B)a decrease in inflation expectations
• C)a technological advance
• D)an increase in interest rates

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Definitions:

McDonaldization

The process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world.

Stakeholder Interests

The specific concerns, goals, or desires that stakeholders (individuals or groups affected by or with an interest in a project, organization, or outcome) hold.

Competing

Engaging in an effort or stride to win or be more successful than others in a particular market, sport, or any area of endeavor.

Coordinated

Describes actions or processes that are managed and arranged systematically to achieve a specific goal or function efficiently and harmoniously.