Multiple Choice
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
Correct Answer:
Verified
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