Multiple Choice
When an increase in the economy's capital stock increases productivity:
A) the short-run aggregate-supply curve shifts to the right, and the long-run aggregate-supply curve shifts to the left
B) the short-run aggregate-supply curve shifts to the left, and the long-run aggregate-supply curve shifts to the right
C) both short-run and long-run aggregate-supply curves shift to the left
D) both short-run and long-run aggregate-supply curves shift to the right
Correct Answer:

Verified
Correct Answer:
Verified
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Q23: The short-run aggregate curve's shape is affected
Q24: Keynes's interest-rate effect implies that a lower
Q25: Most economists believe that in the short
Q26: A prolonged period of falling incomes and
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Q29: For a given level of inflation, if
Q30: An economy can produce more if it
Q31: The new classical misperceptions theory states that:<br>A)changes
Q32: Which of the following statements about aggregate