When Production Costs Rise

question 96

Multiple Choice

When production costs rise,

• A)the short-run aggregate supply curve shifts to the right.
• B)the short-run aggregate supply curve shifts to the left.
• C)the aggregate demand curve shifts to the right.
• D)the aggregate demand curve shifts to the left.

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Definitions:

Legal But Unethical

Refers to actions or practices that, while not violating laws, are considered morally wrong by society or professional standards.

Minimum Wage

The lowest legal hourly, daily, or monthly remuneration that employers may pay their workers.

Productivity

The efficiency at which goods or services are produced, especially in terms of the amount produced compared to the amount of resources used.

Sexual Harassment

Unwanted and inappropriate sexual remarks or physical advances in a workplace or other professional or social situations.