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  1. business
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  3. 1a. a change in aggregate supply would be caused b

1a. A change in aggregate supply would be caused by a change in: Multiple Choice the quantity output...

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Economics

1a.

A change in aggregate supply would be caused by a change in:

Multiple Choice

  • the quantity output supplied.

  • input prices.

  • aggregate demand.

  • the price level.

1b.

Which would most likely shift the aggregate supply curve? Achange in:

Multiple Choice

  • consumer expectations.

  • excess capacity of capital.

  • government spending.

  • prices of imported resources.

1c.

During a period of demand pull inflation Congress passeslegislation to raise taxes, this would be an example of a(n):

  • political business cycle.

  • contractionary fiscal policy.

  • expansionary fiscal policy.

  • nondiscretionary fiscal policy.

Answer & Explanation Solved by verified expert
3.8 Ratings (663 Votes)
A The correct answer is Option B An increase in the price of inputs will reduce the aggregate supply in the economy as the cost of production will increase A decrease in the price of inputs    See Answer
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