The Short-Run Aggregate Supply Curve Would NOT Shift to the Left

question 233

Multiple Choice

The short-run aggregate supply curve would NOT shift to the left as a result of a(n) :

• A) decrease in productivity.
• B) increase in nominal wages.
• C) increase in interest rates.
• D) increase in the price of commodities used for production.

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Definitions:

Office Equipment

Tangible long-term assets used in the daily operations of an office, including computers, printers, desks, and chairs.

Revenue

The sum of all revenue a company earns from selling products or providing services within a specified timeframe.

Expense

Costs incurred in the process of generating revenue, reflected in the income statement.

Asset

An economic resource owned or controlled by an individual or corporation, expected to provide future benefits.