Multiple Choice
If a nation's production possibilities curve shifts outward, we should expect its long-run aggregate supply curve to
A) have an upward movement along the curve.
B) have a downward movement along the curve.
C) have a rightward shift.
D) have a leftward shift.
Correct Answer:
Verified
Correct Answer:
Verified
Q101: Steadily improving improvements in technology, other things
Q102: A fall in the price level<br>A) increases
Q103: Long-run equilibrium will occur at the price
Q104: The long-run aggregate supply curve occurs at
Q105: What is measured on the vertical axis
Q107: When the price level falls<br>A) imports increase,
Q108: The aggregate demand curve plots<br>A) desired expenditures
Q109: Another term for the real-balance effect is<br>A)
Q110: When the economy is in long-run equilibrium,
Q111: A higher domestic price level should<br>A) decrease