Multiple Choice
The long-run aggregate supply curve would shift to the right if:
A) technology became more advanced.
B) faster 5G mobile technology was widely adopted.
C) the growth rate of the labor force increased.
D) All of these would shift the long-run aggregate supply curve to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Consumption spending is _ the overall price
Q5: A rise in the overall price level
Q6: Sticky wages occur because:<br>A) the government intervenes
Q7: Suppose the BLS announces that price levels
Q8: Government spending tends to:<br>A) increase when the
Q10: Higher interest rates:<br>A) make it more expensive
Q11: Which of the following would likely cause
Q12: The wealth effect explains the _ relationship
Q13: If the government does not react to
Q14: Which of the following statements is true