The Short-Run Aggregate Supply Curve Shifts When

question 271

Multiple Choice

The short-run aggregate supply curve shifts when
i. the full-employment quantity of capital changes.
ii. technology advances.

• A) neither i nor ii
• B) i only
• C) ii only
• D) i and ii

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Definitions:

Quantitative Data

Numerical information that represents the quantity or amount of something, allowing for measurement and statistical analysis.

Y-intercept

The point where a line or curve intersects the y-axis of a graph, often representing the value of the dependent variable when the independent variable is zero.

Simple Linear Regression

A statistical method for modeling the relationship between a single independent variable and a dependent variable by fitting a linear equation to observed data.

Linear Regression

A statistical method for modeling the relationship between one dependent variable and one or more independent variables using a linear equation.