Multiple Choice
A positive supply shock from improving technology shifts
A) both the SAS and AD curves rightward.
B) both the SAS and LAS curves leftward.
C) the SAS curve rightward but leaves the LAS curve unchanged.
D) the LAS curve rightward but leaves the SAS curve unchanged.
E) both the SAS and LAS curves rightward.
Correct Answer:
Verified
Correct Answer:
Verified
Q109: Supply plans to increase the quantity of
Q110: The "No - Markets Fail Often" camp
Q111: In explaining business cycles, the "No -
Q112: The long run is a period of
Q113: The short run is a period of
Q115: The Global Financial Crisis of 2008 was
Q116: When GDP in R.O.W. decreases, Canadian aggregate
Q117: Which is a negative demand shock?<br>A) lower
Q118: Inputs decrease as you move down along
Q119: Rising average prices and lower unemployment most