When Production Costs Rise

question 96

Multiple Choice

When production costs rise,

• A)the short-run aggregate supply curve shifts to the right.
• B)the short-run aggregate supply curve shifts to the left.
• C)the aggregate demand curve shifts to the right.
• D)the aggregate demand curve shifts to the left.

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Definitions:

Major Premise

A key statement or proposition from which a conclusion is drawn in a logical argument or syllogism, serving as the basis for the argument.

Minor Premise

In logic and syllogistic reasoning, this is the second statement of a traditional syllogism, which along with a major premise, leads to a conclusion.

Prestige Suggestion

A marketing or sales technique that associates a product or service with high status or exclusivity to attract customers.

Julia Roberts

An acclaimed American actress known for her roles in major films and her contributions to the entertainment industry.