Something that would cause the long-run aggregate supply curve to shift to the right would be:
A. technological advance.
B. discovery of a new oil reserve.
C. increase in the growth rate of the labor force.
D. All of these would shift the long-run aggregate supply curve to the right.
D. All of these would shift the long-run aggregate supply curve to the right.
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Which of the following contributes to an increase in labor productivity?
A) increased consumption expenditure B) decreased investment C) increased capital stock D) All of the above contribute to an increase in labor productivity.
When marginal revenue equals price for all levels of output, the firm is operating in a perfectly competitive market
a. True b. False
The General Agreement on Tariffs and Trade focused on:
a. raising tariffs on agricultural products. b. lowering trade restrictions between countries. c. promoting full employment worldwide. d. increasing trade restrictions between countries.
A carbon tax could reduce greenhouse emissions by:
A. raising the price of gasoline and reducing driving. B. raising the price of electricity, reducing the quantity of electricity demanded, and reducing the fossil fuels burned. C. cause electricity producers to switch to lower carbon fuels. D. All of these