Which of the following shifts the long-run aggregate supply curve to the left?
A) either an increase in the price of imported natural resources or opening up international trade
B) neither an increase in the price of imported natural resources or opening up international trade
C) an increase in the price of imported natural resources, but not opening up international trade
D) opening up international trade, but not an increase in the price of imported natural resources
Correct Answer:
Verified
Q8: The long-run aggregate supply curve shifts right
Q17: Which of the following would shift the
Q30: Over the last fifty years both real
Q31: Which of the following would shift long-run
Q33: Other things the same,continued increases in the
Q38: Other things the same,if the long-run aggregate
Q99: Which of the following, other things the
Q224: According to the aggregate demand and aggregate
Q226: Other things the same, if the capital
Q233: In the long run, technological progress
A)and increases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents