Which of the following statements is correct?
A) An improvement in technology shifts the long-run aggregate supply curve to the right.
B) A decrease in inflationary expectations shifts the short-run aggregate supply curve to the left.
C) As business expectations decline, the short-run aggregate supply curve shifts to the right.
D) Lower subsidies to business firms shift the short-run aggregate supply curve to the right.
Correct Answer:
Verified
Q91: What happens if business expectations improve?
A) Aggregate
Q121: Which of the following would NOT cause
Q124: The long-run supply curve is:
A) vertical.
B) horizontal.
C)
Q125: The long-run economic growth model assumes that:
A)
Q127: Economic growth is shown as a:
A) shift
Q128: The long-run aggregate supply curve uses the
Q131: All of the following are determinants of
Q144: If an economy is on the vertical
Q202: If the market power of firms increases,
Q211: The more time a free-market economy has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents