The long-run aggregate supply curve will shift to the right when
A) population increases.
B) the price level increases.
C) technology improves.
D) labour supply falls.
Correct Answer:
Verified
Q40: The short-run aggregate supply function plots
A)planned expenditures
Q41: A short-run equilibrium occurs
A)at the intersection of
Q42: A decrease in long-run aggregate supply could
Q43: An aggregate demand shock is generally referred
Q44: The effect of a positive demand shock
Q46: Economic growth takes place
A)only when both aggregate
Q47: An increase in the labour force while
Q48: The relationship between the price level and
Q49: The main difference between an individual supply
Q50: Figure 8-2
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