Which of the Following Would Shift Both the Short-Run Aggregate

question 5

Multiple Choice

Which of the following would shift both the short-run aggregate supply curve and the long-run aggregate supply curve of iron and steel industry rightward?

• A)A decrease in wage rates due to immigration​
• B)A decrease in the price of oil due to the discovery of new oil fields
• C)A decrease in the size of the labor force due to migration to other countries
• D)An increase in corporate taxes by the government
• E)An increase in the aggregate price level

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Definitions:

Goods Sold

Refers to the total volume or number of products a company has sold to its customers within a specific period.

Flexible Budgets

Budgets that adjust or flex with changes in volume or activity levels of the organization.

Manufacturing Data

Information and statistics related to the production processes, including metrics on efficiency, quality, cost, and output.

Cost of Goods Sold

Costs directly linked to the production of goods a company sells, such as materials and labor.