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

question 74

Multiple Choice

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

• A)a drop in energy prices
• B)a drop in the actual price level
• C)workers opting for more leisure time and less time on the job
• D)new investment spending that is greater than depreciation of the capital stock
• E)a technological breakthrough with widespread practical applications that occurs in the microcomputer industry

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Definitions:

Long-Term Liabilities

Long-Term Liabilities are financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.

Cost of Goods Sold

Cost of goods sold represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Beginning Inventory

The value of goods available for sale at the start of an accounting period.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, often a fiscal quarter or year.