Multiple Choice
Which one of the following will increase aggregate supply, thereby shifting the curve right?
A) Nominal wages increase as a result of a decreased labor supply.
B) The productivity of workers increases as a result of technological improvements.
C) A new government policy increases business taxes.
D) The price of oil, which is a major input into most production activities, increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Use Figure: Macroeconomic Equilibrium. This figure shows
Q45: The long-run aggregate supply curve is:<br>A) horizontal.<br>B)
Q46: The total investment spending in an economy
Q47: The short-run aggregate supply curve is:<br>A) upward
Q48: Economic growth is depicted by a:<br>A) rightward
Q50: When an economy is operating on the
Q51: If the short-run output is more than
Q52: Which one of the following can lead
Q53: If the short-run macroeconomic equilibrium occurs in
Q54: The short-run aggregate supply curve is perfectly