Which of the Following Would NOT Cause a Shift in the Short-Run

question 250

Multiple Choice

Which of the following would NOT cause a shift in the short-run aggregate supply curve?

• A) an increase in resource prices
• B) a decrease in the expected rate of inflation
• C) a major technological advance
• D) a decrease in real interest rates

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Definitions:

Guardian

A person legally appointed to manage and make decisions for someone who is unable to take care of their personal affairs, such as a minor or incapacitated individual.

Sufficient Funds

A term referring to the adequate amount of money in an account to cover drafts, checks, or transactions.

Electronic Funds Transfer Act

A U.S. law designed to protect consumers engaging in electronic transfer of funds, including ATM transactions and direct deposits.

Provisionally

On a temporary or conditional basis, pending further information, qualification, or fulfillment of certain conditions.