A decrease in long-run aggregate supply could be caused by
A) fewer regulatory impediments to business.
B) the discovery of new oil reserves in another country.
C) decreased competition.
D) a decrease in taxes.
Correct Answer:
Verified
Q37: As the price level increases,the _ becomes
Q38: The _ between the short-run aggregate supply
Q39: With respect to slope,_ function is normally
Q40: The short-run aggregate supply function plots
A)planned expenditures
Q41: A short-run equilibrium occurs
A)at the intersection of
Q43: An aggregate demand shock is generally referred
Q44: The effect of a positive demand shock
Q45: The long-run aggregate supply curve will shift
Q46: Economic growth takes place
A)only when both aggregate
Q47: An increase in the labour force while
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