Which of the Following Factors Will Not Shift the Long-Run

question 7

Multiple Choice

Which of the following factors will not shift the long-run aggregate supply curve?

• A)An increase in capital accumulation
• B)An increase in available resources
• C)An increase in the price level
• D)An improvement in production technology

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Definitions:

Material Wealth

Material wealth refers to the accumulation of physical and financial assets and resources, often considered a measure of an individual's or society's economic status.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

Child-Rearing Style

Describes the strategies, techniques, and approaches parents use to raise their children, including aspects like discipline, communication, nurturing, and expectations.

Cultural Norms

Norms whose origin is part of the tradition of a culture.