Multiple Choice
Use the following to answer questions
Figure: Long-Run Aggregate Supply Curves
-(Figure: Long-Run Aggregate Supply Curves) Which of the following can explain the shift of the long-run aggregate supply curve from A to C in the figure?
A) development of new technology
B) an increase in the nation's factors of production
C) negative supply shock
D) increase in oil supply
Correct Answer:

Verified
Correct Answer:
Verified
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