(Figure: Determining SRAS Shifts 2) Which of the Following

question 180

Multiple Choice

(Figure: Determining SRAS Shifts 2) Which of the following might be a cause of the change in short-run aggregate supply?

• A) Unions successfully negotiated higher wages.
• B) Businesses are increasingly optimistic about the future.
• C) Consumer incomes dropped.
• D) Taxes on businesses are raised.

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Definitions:

Rehearsal

A cognitive process in which information is repeated over and over as a possible way of learning and remembering it.

Stress Hormones

Chemicals released in the body in response to stress, such as cortisol and epinephrine, that prepare the body for a fight or flight response.

Long-Term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them synchronously, often considered one of the major cellular mechanisms that underlies learning and memory.

Cortexes

The plural of cortex, relating to the outer layer of an organ or structure, such as the brain, characterized by its role in high-level functions including thought, memory, and consciousness.