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:

Production

The process of creating goods and services using labor, machinery, tools, and chemical or biological processing or formulation.

December

The last month of the year according to the Gregorian calendar, which is the twelfth.

Cash Disbursements

Payments made by a business in cash or cash equivalents, including expenses, debt payments, and distributions to owners.

Net Income

The total profit or loss of a company after all expenses, including taxes and interest, have been deducted from total revenue.