Multiple Choice
Which of these would shift the short-run aggregate supply curve but not have any impact on the long-run aggregate supply curve?
A) an increase in the land area of a country
B) an increase in the price level faced by consumers in a country
C) an increase in technology
D) an increase in market concentration across many industries
Correct Answer:
Verified
Correct Answer:
Verified
Q86: The long-run aggregate supply curve is horizontal.
Q108: A breakthrough in solar energy research that
Q110: Aggregate supply shifts to the left when<br>A)
Q111: If firms believe that the business climate
Q112: According to the wealth effect, as prices
Q114: The aggregate demand curve is positively sloped.
Q115: Describe how an increase in the price
Q116: What would cause the price level to
Q117: Cost-push inflation occurs when aggregate demand expands
Q118: Which statement partly explains why the aggregate