Answer:
The long-term relationships between agencies, congressional committees, and interest groups in specific policy areas.
Explanation:
I believe the correct answer is C. The other answers give outside information that doesn’t correlate with the promoted question.
Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product to the percentage change in price. Economists employ it to understand how supply and demand change when a product's price changes.
Answer:
D An increase in raw material prices
Explanation:
It can be concluded that the four other events have the positive effects on the aggregate supply. 1) An increase in immigration would lead to the higher demand for output and the higher supply in the market to serve the immigrants. 2) Investment in human capital would help enhance the productivity of firms, raise the capacity to supply. 3) A decrease in business tax would help firm reduce the cost of production, raising the resources for production to increase aggregate supply. 5) the introduction of technology contributes to the higher productivity of producers - raising the aggregate supply as well.
Reversely, the increase in material price raises the cost of production, decline the aggregate supply.
This question is an example of the fallacy of correlation and causation.
The fallacy exists due to the fact that human beings like to find cause and effects towards the things that to not exist.
So they have to fabricate patterns that would end up making two different variables and situations to be closely similar.
Read more on fallacy here:
brainly.com/question/20939336
