An assumption on the LRAS curve is
A) technology remains unchanged.
B) an increase in the average price level occurs.
C) the economy is operating to the right of the production possibilities curve.
D) labor productivity is increasing.
A
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An example of government investment in physical capital to increase business productivity is:
A. sewer systems. B. bridges. C. roadways. D. All of these are examples of ways governments can increase productivity.
To obtain the net national product (NNP), start with the gross national product (GNP) and subtract:
A. depreciation. B. depreciation and indirect business taxes. C. depreciation, indirect business taxes, and corporate profits. D. depreciation, indirect business taxes, corporate profits, and social insurance contributions.
The short-run aggregate supply curve is upward-sloping, while the long-run aggregate supply curve tends to be vertical.
Answer the following statement true (T) or false (F)
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward