Multiple Choice
A rightward shift of the long-run aggregate supply curve is caused by
A) an increase in the minimum wage.
B) an increase in the average duration of unemployment.
C) improvements in technology.
D) an increase in the GDP deflator.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The aggregate demand curve shows that, if
Q7: The aggregate demand curve is usually<br>A) vertical.<br>B)
Q8: All of the following would cause the
Q9: A price level increase tends to reduce
Q10: The long-run aggregate supply curve is<br>A) U-shaped.<br>B)
Q12: What causes demand-side inflation? What causes supply-side
Q13: Suppose total planned expenditures equal $50 trillion
Q14: How is economic growth graphically depicted?<br>A) The
Q15: When a change in the price level
Q16: When total planned real expenditures change due