Multiple Choice
Which of the following statements is true?
A) The long-run aggregate supply curve can never shift to the left.
B) The long-run aggregate supply curve can never shift to the right.
C) The long-run aggregate supply curve can shift to both the left and the right.
D) The long-run aggregate supply curve always stays in the same location because potential real GDP cannot change.
E) New technologies affect only the short-run aggregate supply curve, not the long-run aggregate supply curve.
Correct Answer:

Verified
Correct Answer:
Verified
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Q24: Figure 12.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.2
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Q28: Figure 12.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.3