The Short-Run Aggregate Supply Curve Would Shift and the Long-Run

question 44

Multiple Choice

The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if

• A) bad weather that affects transportation for two days.
• B) there was an increase in immigration.
• C) the retirement age increased by two years.
• D) tough new environmental laws were passed.

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Definitions:

Retailers

Businesses that sell goods directly to consumers, acting as the final link in the supply chain.

Customer Awareness

The degree to which potential customers recognize or are familiar with a product, brand or company.

Promotional Activities

Marketing efforts designed to inform, persuade, or remind consumers about a company’s products or services.

Advertising

The occupation or act of generating advertising content for business products or services.