Multiple Choice
Use Figure: Long-Run Aggregate Supply Curve. The figure shows two long-run aggregate supply curves for an economy. Which one of the following can lead to a shift from long-run aggregate supply curve 1 to long-run aggregate supply curve 2?
Figure: Long-Run Aggregate Supply Curve
A) The labor force increases.
B) The money supply increases.
C) Government spending increases.
D) Taxes decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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