All of the Following Will Shift the Short-Run Aggregate Supply

question 68

Multiple Choice

All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT

• A) a change in the price level.
• B) a change in the price of labor.
• C) a change in the prices of raw materials.
• D) technological progress.

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Definitions:

Unconditioned Responses

Automatic, natural reactions to stimuli that occur without prior learning or conditioning, such as reflex actions.

Conditioned Responses

Learned responses to a particular stimulus, conditioned through association during the learning process.

Conditioned Stimuli

In classical conditioning, a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually triggers a conditioned response.

Cognitive Learning

A process involving mental operations that facilitate the acquisition and retention of knowledge, including thinking, understanding, and remembering.