Which of the Following Shifts Short-Run Aggregate Supply Left

question 42

Multiple Choice

Which of the following shifts short-run aggregate supply left?

• A)an increase in price expectations
• B)an increase in the actual price level
• C)a decrease in the money supply
• D)a decrease in the price of oil

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Definitions:

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, such as utilities and rent.

Activity-Based Costing

A method of costing that identifies the relationship between costs, activities, and products, and through this relationship assigns indirect costs to products less arbitrarily than traditional methods.

Machine-Hours

A measure of the amount of time a machine is operated, used in manufacturing to allocate costs or determine efficiency.

Equipment Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the wear and tear, or obsolescence of physical equipment.