Multiple Choice
Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS) to the right?
A) favorable weather conditions that increased the size of this year's grain harvest
B) an increase in resource prices relative to product prices
C) an increase in labor productivity as the result of improved computer technology and expansion of the Internet
D) an increase in the cost of security as the result of terrorist activities
Correct Answer:

Verified
Correct Answer:
Verified
Q20: If Europe and Japan experience rapid growth
Q21: Which of the following will most likely
Q22: Figure 10-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9063/.jpg" alt="Figure 10-13
Q23: Use the figure below to answer the
Q24: Which of the following will most likely
Q26: Suppose this year's inflation rate is 4
Q27: How would aggregate demand change if foreign
Q28: Figure 10-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9063/.jpg" alt="Figure 10-18
Q29: The short-run effects of a favorable supply
Q30: Suppose the economy is initially in long-run