All Else Being Equal,an Increase in ________ Would Shift the Long-Run

question 136

Multiple Choice

All else being equal,an increase in ________ would shift the long-run aggregate supply curve to the left.

• A) the cyclical unemployment rate
• B) the inflation rate
• C) economic growth
• D) government spending
• E) the rate at which capital depreciates

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Definitions:

Distal Goals

Long-term objectives or targets that are often more abstract and distant in the future, requiring a series of proximal (short-term) goals to achieve.

Achievement Level

A measure of one's success in meeting benchmarks of knowledge, skill, or ability in various disciplines.

Sales Target

A specific goal set for a salesperson or team to achieve in a certain timeframe.

Valence

The intrinsic attractiveness or aversiveness of an event, object, or situation.