Which of the Following Must Also Shift If the Long-Run

question 117

Multiple Choice

Which of the following must also shift if the long-run aggregate supply curve shifts?

• A) the aggregate production function or the aggregate demand curve
• B) the aggregate production function or the labor demand curve
• C) the aggregate demand curve and the short-run aggregate supply curve
• D) the aggregate demand curve and the labor supply curve

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Definitions:

Isolated Conditions

Circumstances or areas that are solitary, remote, or separated from others.

Lateralization

Specialization of function in one hemisphere of the cerebral cortex or the other.

Cerebral Cortex

The outer layer of the brain, involved in high-order functions such as thought, language, and consciousness.

Temporalization

The process or act of placing events, experiences, or actions into a temporal context, understanding them in terms of time.