What Happens to Prices and Output When the Long-Run Aggregate-Supply

question 86

Multiple Choice

What happens to prices and output when the long-run aggregate-supply curve shifts right?

• A) Prices and output both increase.
• B) Prices and output both decrease.
• C) Prices increase and output decreases.
• D) Prices decrease and output increases.

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Definitions:

Exchange Tactic

A strategy used in negotiations or interactions, where one party offers something in return for something from the other party.

Explicit Offers

Direct and clear proposals or opportunities presented by one party to another, leaving little to no room for misunderstanding or ambiguity.

Promised Benefit

An expected or assured advantage that is to be delivered as a result of an action or a transaction.

Resistance

The act of opposing or standing against certain ideas, changes, or directives, often seen in organizational or social contexts.