Multiple Choice
Which of the following changes shifts the long-run aggregate supply curve to the right?
A) A demographic change that increases the labor supply
B) A decrease in the demand for labor
C) An increase in consumer confidence
D) A decrease in taxes (assuming Ricardian equivalence doesn't hold)
Correct Answer:
Verified
Correct Answer:
Verified
Q70: The long-run aggregate supply curve<br>A)is vertical.<br>B)slopes upward.<br>C)is
Q71: An increase in labor supply would cause
Q72: The IS curve shows the combinations of
Q73: Describe what happens to the FE line
Q74: A decrease in the effective tax rate
Q76: Which of the following changes shifts the
Q77: What adjusts to restore general equilibrium after
Q78: Which of the following would shift the
Q79: When all markets in the economy are
Q80: Desired consumption is C<sup>d</sup> = 100