Which of the Following Will Shift the Aggregate Supply Curve

question 6

Multiple Choice

Which of the following will shift the aggregate supply curve up to the left?

• A) an increase in the price level
• B) a decrease in the level of output
• C) an increase in the expected price level
• D) a decrease in the price level

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Definitions:

Economic Science

The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

Trade-Offs

The sacrifice of one thing for another, recognizing that choosing some benefits necessitates giving up others.

Production Decisions

The determination of what, how, and for whom goods and services will be produced by a firm.

Output

The total amount of goods or services produced by a company, sector, or economy.