Which of the following shifts long-run aggregate supply right?
a. an increase in either technology or the human capital stock.
b. an increase in human capital but not technology.
c. an increase in technology, but not the human capital stock.
d. neither an increase in technology nor the human capital stock.
a
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Changes in the health of the average person are relatively unimportant as an indicator of changes in the standard of living
Indicate whether the statement is true or false
Which of the following is true?
a. Marginal tax rates that take a large share of income will enhance the incentive of individuals to invest and engage in productive activities. b. High tax rates will tend to drive investment funds and highly productive citizens to other countries where tax rates are lower. c. As marginal tax rates increase, individuals get to keep a larger share of their earnings. d. Countries can gain by imposing higher tariffs and other barriers that will restrain international trade.
The monopolist's demand curve is ______ that of the perfect competitor; the monopolist's marginal revenue curve is ______ that of the perfect competitor.
A. identical to; identical to B. different from; different from C. identical to; different from D. different from; identical to
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.