A Decrease in Efficiency Would Shift the Long-Run Aggregate Supply

question 47

Multiple Choice

A decrease in efficiency would shift the long-run aggregate supply curve:

• A)rightward.
• B)leftward.
• C)no shift.
• D)none of the above.

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Definitions:

Doctor of Medicine

A professional degree awarded to individuals who have completed medical school, qualifying them to practice medicine.

Negative Reinforcement

A process in operant conditioning where a response is strengthened because it is followed by the removal of an unpleasant stimulus.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.

Desirable Stimulus

A stimulus that is appealing and rewarding to an individual, prompting positive reactions.