When Would the Long-Run Aggregate-Supply Curve Shift Right

question 60

Multiple Choice

When would the long-run aggregate-supply curve shift right?

• A) when immigration increases or the government makes a substantial increase in the minimum wage
• B) when immigration decreases or the government abolishes the minimum wage
• C) when immigration increases or the government abolishes the minimum wage
• D) when immigration decreases or the government makes a substantial increase in the minimum wage

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Future Years

Subsequent time periods extending beyond the current year, regarding planning, forecasting, or expectation.

Periodic Inventory System

This inventory system records the inventory at the beginning and end of an accounting period to calculate the cost of goods sold, without tracking each individual transaction.

Unrealised Profit

Profit that has been generated but not yet realized through a transaction, such as an increase in the value of an investment that hasn't been sold.