In Which Situation Would the Long-Run Aggregate-Supply Curve Shift Right

question 87

Multiple Choice

In which situation would the long-run aggregate-supply curve shift right?

• A) if the minimum wage increases
• B) if the capital stock decreases
• C) if interest rates increase
• D) if technology advances

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Definitions:

Milgram Studies

A series of psychological experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Physical Distance

The measurable space between two or more entities, commonly influencing social interactions and perceptions of accessibility.

Hierarchical Power

A form of power distribution where authority is ranked in levels from the top down, with each level having control over levels below.

Social Roles

The expected behavior patterns attributed to someone occupying a given position in a social unit.