Multiple Choice
When an economy experiences economic growth,the
A) long-run aggregate supply curve is unaffected.
B) long-run aggregate supply curve shifts to the right.
C) long-run aggregate supply curve shifts to the left.
D) aggregate demand curve shifts to the left.
E) short-run aggregate supply curve shifts to the left.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Supply shocks always cause short-run aggregate supply
Q48: In 2013,the price of gas was $3.60
Q49: The long-run aggregate supply curve is<br>A) vertical
Q50: Which of the following would affect both
Q51: The table identifies annual gross domestic product
Q53: You read a study that predicts that
Q54: An increase in short-run aggregate supply immediately
Q55: When the general price level rises and
Q56: Consider shifts in aggregate demand that push
Q57: _ would decrease short-run aggregate supply.<br>A) A