A Change in the Full-Employment Quantity of Labor ___________The Short-Run

question 190

Multiple Choice

A change in the full-employment quantity of labor ___________the short-run aggregate supply curve and___________the long-run aggregate supply curve.

• A) shifts; does not shift
• B) does not shift; does not shift
• C) does not shift; shifts
• D) shifts; shifts

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Definitions:

Improprieties

Actions or behaviors that are inappropriate, unethical, or considered wrong.

Elements of Fraud

Factors that must be present to prove fraud, including misrepresentation of a material fact and intent to deceive.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Justifiable Reliance

A legal principle in contract law where a party can claim damages if they reasonably relied on the promises or representations of another party.