Which of the Following Events Will Increase Long- Run Aggregate

question 142

Multiple Choice

Which of the following events will increase long- run aggregate supply?

• A)An advance in technology
• B)An increase in resource prices
• C)A decrease in expected profit
• D)An increase in the interest rate

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Definitions:

Savings Account

a bank account that earns interest and is typically used for holding money not intended for daily expenses.

Quarter-end Payments

Financial transactions or payments due at the end of each quarter of a fiscal year.

RRSP

A financial plan in Canada designed to help individuals save for retirement, offering tax advantages.

Compounded Monthly

Interest that is calculated on the principal and the previously earned interest on a monthly basis, leading to the accumulation of increasingly larger amounts.