The Long- Run Aggregate Supply Curve Will Shift Outwards and to the Right

question 55

Multiple Choice

The long- run aggregate supply curve will shift outwards and to the right when:

• A) the government reduces personal income tax
• B) the government increases company tax rates
• C) new technology is developed
• D) the costs of inputs in production rise

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Definitions:

Interpersonal Relations

The connections and interactions between two or more people, which can influence various aspects of personal and professional life.

Unnecessary Guessing

Making assumptions or decisions without adequate information or basis, often leading to mistakes.

People Skills

The ability to communicate, interact, and work well with others effectively.

Internal Motivation

The drive to act or accomplish tasks based on internal rewards, values, or feelings, rather than external pressures or rewards.