Which of the Following Shifts the Short-Run Aggregate Supply Curve

question 75

Multiple Choice

Which of the following shifts the short-run aggregate supply curve right?

• A)both an increase in the price level that is greater than expected and an increase in the expected price level.
• B)an increase in the price level that is greater than expected,but not an increase in the expected price level.
• C)an increase in the expected price level,but not an increase in the price level that is greater than expected.
• D)neither an increase in the price level that is greater than expected nor an increase in the expected price level.

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Definitions:

Total Labor Units

The total quantity of labor hours or labor efforts utilized in the production of goods or services.

Frames Per Day

A measure of productivity in animation or film production, indicating the number of frames produced in a single day.

Wage

The fixed regular payment earned for work or services, typically paid on a daily or weekly basis.

Profit Maximizing

Refers to the process by which a firm adjusts its production to achieve the highest possible profit based on given market conditions and cost structures.