Which of the Following Events Will Increase Long-Run Aggregate Supply

question 291

Multiple Choice

Which of the following events will increase long-run aggregate supply?

• A) a decrease in expected profit
• B) an advance in technology
• C) an increase in the interest rate
• D) an increase in resource prices

Understand the basic principles and different types of taxation.

Recognize the concepts of progressive, regressive, and proportional taxes.

Identify the principle responsibilities of government in managing tax revenues and expenditures.

Distinguish between the efficiency loss of a tax and the tax revenue collected by the government.

---

Definitions:

Female Suffrage

The right of women to vote in elections; it represents a critical milestone in the feminist movement and the fight for gender equality.

Legislative Assembly

An elected body of government that has the authority to make and change laws within a certain jurisdiction.

Political Citizenship

Political citizenship refers to the rights and duties of citizens in a political system, including participation in elections, access to government services, and the ability to exercise civil liberties.

Social Citizenship

The rights and duties of citizens which pertain to their social welfare and participation in the social life of the community, beyond merely legal or civil aspects.