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

question 24

Multiple Choice

Which of the following would shift both the short-run aggregate supply curve and the long-run aggregate supply curve leftward?

• A)Decreases in the prices of the factors of production that reflect permanent changes in their supplies
• B)Increases in the prices of the factors of production that do not reflect permanent changes in their supplies
• C)Decreases in the prices of the factors of production that do not reflect permanent changes in their supplies
• D)Increases in the prices of the factors of production that reflect permanent changes in their supplies
• E)Decreases in the aggregate price level

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Definitions:

Motion

The change in position of an object with respect to time and its reference point.

Pupil

Adjustable opening that allows light into a camera eye.

Opening

Creating a gap or space, providing access or an entrance to something.

Center

Often used in various contexts to denote the middle point of something; in geometry, it refers to the point equidistant from all points on the circumference of a circle or surface of a sphere.