The long-run aggregate supply curve shifts right if
a. either immigration from abroad increases or technology improves.
b. immigration from abroad increases, but not if technology improves.
c. technology improves, but not if immigration from abroad increases.
d. None of the above are correct.
a
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In the figure above, the poorest 40 percent of households receive ________ of total income
A) 20 percent B) 10 percent C) 30 percent D) 15 percent
Refer to Figure 5-13. The amount of the gasoline tax is ________ per gallon
A) $0.75 B) $1.25 C) $1.75 D) $2.00
Figure 10-8
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In the long run, the perfectly competitive firm in Figure 10-8 will leave the industry if the price falls below
A. $10. B. $9. C. $5. D. $2.
Gross domestic product represents the money value of all final goods and services produced in the domestic economy within the year.
Answer the following statement true (T) or false (F)