All of the Following Will Cause the Aggregate Supply Curve

question 244

Multiple Choice

All of the following will cause the aggregate supply curve to shift to the right EXCEPT

• A) discoveries of raw materials.
• B) a reduction in input prices.
• C) an increase in marginal tax rates.
• D) a reduction in international trade barriers.

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Definitions:

Fordism

Early twentieth-century term describing the economic system pioneered by Ford Motor Company based on high wages and mass consumption.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.

Woman's Freedom

The concept and movement advocating for the rights, independence, and empowerment of women in all aspects of society.