In recent years, Japan's capital stock has increased by about 6 percent from one year to the next. As a result, we would expect
A) a leftward shift in Japan's aggregate demand curve.
B) a movement up along Japan's short-run aggregate supply curve.
C) only Japan's long-run aggregate supply curve to shift rightward.
D) rightward shifts in both Japan's short-run aggregate supply and long-run aggregate supply curves.
D
You might also like to view...
Any adult who does not have a job is counted as unemployed
a. True b. False Indicate whether the statement is true or false
A downward shift in the consumption function can be caused by:
A. expectations of higher inflation. B. an increase in wealth. C. a lower price level. D. an increase in autonomous consumption.
Financial capital is
A) the collection of stock and bond exchanges around the country. B) funds used to purchase capital goods. C) the foreign exchange market. D) assets of financial institutions.
Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following except:
A. produce environmental degradation. B. allow producers to circumvent labor protections such as workplace safety, child labor restrictions, and collective bargaining rights. C. helps developing nations escape from poverty. D. promote the interests of multinational corporations.