Multiple Choice
Widespread adoption of mobile phones over the last 20 years has caused the _______ aggregate supply curve to _______.
A) long-run; shift to the right
B) long-run; shift to the left
C) short-run; shift to the left
D) long-run; remain fixed
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The long-run aggregate supply curve represents:<br>A) potential
Q2: In the long run, aggregate supply:<br>A) is
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
Q9: The long-run aggregate supply curve would shift
Q10: Higher interest rates:<br>A) make it more expensive
Q11: Which of the following would likely cause