-Refer to the Above Diagram

question 50

Multiple Choice

-Refer to the above diagram.If the aggregate supply curve shifted from AS₀ to AS₁,we could say that:

• A) aggregate supply has increased,equilibrium output has decreased,and the price level has increased.
• B) aggregate supply has decreased,equilibrium output has decreased,and the price level has increased.
• C) an increase in the amount of output supplied has occurred.
• D) aggregate supply has increased and the price level has risen to G.

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Definitions:

Uniform Electronic Commerce Act

Legislation designed to standardize rules and regulations for electronic transactions to ensure legal recognition and enforceability.

Electronic Commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

Canada

A North American country consisting of ten provinces and three territories, known for its vast landscapes, multicultural heritage, and bilingual status (English and French).

Shrink Wrap

Packaging made of a plastic film that is wrapped around items and then shrunk by heat to form a tight seal.