Which of the Following Is Most Likely to Shift the Potential

question 123

Multiple Choice

Which of the following is most likely to shift the potential output of an economy to the right?

• A)A decline in the length of the average workweek
• B)An increase in the supply of educated and skilled workers
• C)A drought
• D)An increase in aggregate demand
• E)An increase in the minimum wage received by workers

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Definitions:

Fixed Point of Reference

A constant or unchanging standard used for comparison, measurement, or orientation in studies and various fields.

Exclusive Dealership

A business arrangement in which a dealer is granted the exclusive right to sell a manufacturer's product in a specific geographical area.

Control Systems

Mechanisms or regulations designed to direct or manage the behavior of machines, processes, or organizations towards desired outcomes.

Ethical Behavior

Conduct that is consistent with principles of moral and professional norms, including honesty, fairness, and integrity.