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

question 56

Multiple Choice

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

• A)a decrease in the actual price level
• B)an increase in the actual price level
• C)a decrease in the expected price level
• D)an increase in the expected price level

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Definitions:

Purchase Discounts

Reductions in price given by a supplier to a buyer for prompt payment of their invoice.

Unearned Revenue

Money received by a business for goods or services yet to be delivered or performed; it is recorded as a liability on the balance sheet.

Liability Account

A liability account is a ledger account representing an entity's obligations or debts to other parties, which can include loans, accounts payable, and accruals.

Rent Fees

Periodic payments made by a tenant to a landlord in exchange for the use of land, a building, or other property.