Use Figure: Long-Run Aggregate Supply Curve. The figure shows two long-run aggregate supply curves for an economy. Which one of the following can lead to a shift from long-run aggregate supply curve 1 to long-run aggregate supply curve 2?
Figure: Long-Run Aggregate Supply Curve
A) The labor force increases.
B) The money supply increases.
C) Government spending increases.
D) Taxes decrease.
Correct Answer:
Verified
Q95: Which one of the following CANNOT lead
Q96: Economic growth is depicted by a:
A) rightward
Q97: If short-run output is greater than potential
Q98: If short-run output is less than the
Q99: If the short-run output is less than
Q100: If the short-run output is more than
Q101: Which of the following statements about the
Q102: Use Figure: Long-Run Aggregate Supply Curve. The
Q104: Econland is a country with a low
Q105: Use Table: Income and Consumption Spending. The
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