Refer to the Graph Above

question 117

Multiple Choice

Refer to the graph above. Which of the following factors will shift AS₁ to AS₂?

• A) An increase in real interest rates
• B) A decrease in business subsidies
• C) An increase in input prices
• D) A decrease in business taxes

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Definitions:

Physical Health

A state of well-being in which an individual is physically fit, free from illness or injury.

Increased Happiness

A state or condition of having elevated feelings of joy, satisfaction, and well-being.

Generativity

A concern for establishing and guiding the next generation, commonly believed to stem from a sense of optimism about humanity.

Erik Erikson

Erik Erikson was a developmental psychologist known for his theory on the psycho-social development of human beings, outlining eight stages from infancy to adulthood.