Long-Run Aggregate Supply Will Increase for All of the Following

question 23

Multiple Choice

Long-run aggregate supply will increase for all of the following reasons except

• A)a fall in the money wage rate.
• B)an increase in human capital.
• C)the introduction of new technology.
• D)an increase in the full-employment quantity of labour.
• E)an increase in the quantity of capital.

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Definitions:

Technological Developments

Refers to advancements and innovations in technology that improve processes, products, or services.

Environmental Forces

External parameters that influence how an organization operates, including economic, political, regulatory, technological, and social factors.

Product Information

Details and specifics about goods or services offered by a business, including features, advantages, and usage.

Authentic Leader

Refers to someone who leads with genuineness, transparency, and integrity.