Multiple Choice
Refer to the following figure to answer the next questions.
-Based on the figure, which of the following would cause the long-run equilibrium point to change from point B to point D?
A) The population has aged and there are fewer people in the labor force.
B) Firms and workers expected the price level to rise.
C) The economy experienced an increase in government spending.
D) The economy was in an expansion and has adjusted.
E) The country's overall productivity increased.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Which of the following causes an increase
Q5: The long run is best defined as
Q25: Economic growth in the rest of the
Q61: New drilling technologies lead to a 50
Q87: Suppose interest rates increase from 1 percent
Q108: If the price level rises by 10
Q131: Refer to the following figure to answer
Q136: All else being equal,an increase in _
Q136: Suppose housing values fall during a recession.
Q147: According to the interest rate effect,an increase