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

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Definitions:

False Analogy

A logical fallacy where two unlike things are compared in an argument, leading to a misleading or flawed conclusion.

Bandwagon Fallacy

The error of assuming something is true or right simply because many people believe it to be so.

Circular Reasoning

A logical fallacy in which the argument's conclusion is supported by premises that assume the conclusion's truth.

False Cause

A logical fallacy where a cause is incorrectly identified for an event or phenomenon, leading to incorrect conclusions.