Which of the Following Would NOT Cause an Increase in Long-Run

question 41

Multiple Choice

Which of the following would NOT cause an increase in long-run aggregate supply?

• A) an increase in government expenditures on infrastructure
• B) a free trade agreement that significantly reduces previous trade barriers
• C) an increase in the average education level in the labor force
• D) a reduction in poverty due to new income redistribution programs

Understand the basic concepts of owner's equity and its computation.

Grasp the fundamental steps in the accounting recording process, including journalization, ledger posting, and preparing trial balances.

Comprehend the purpose and structure of journals and ledgers in accounting.

Recognize different types of journal entries (simple and compound) and their formatting.

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Definitions:

Oedipus Complex

A Freudian theory describing a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.

Social Interest

A concept in Adlerian psychology referring to an individual's attitude towards and awareness of being a part of a community and contributing positively to it.

Social Interest

A concept introduced by Alfred Adler, referring to an individual's inclination to work with others for the common good.

Innate Potential

The natural capacity or ability inherent in an individual from birth.