The Long-Run Aggregate Supply Curve Would Shift Right If the Government

question 138

Multiple Choice

The long-run aggregate supply curve would shift right if the government were to

• A)increase the minimum-wage.
• B)make unemployment benefits more generous.
• C)raise taxes on investment spending.
• D)None of the above is correct.

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Definitions:

Credit Clause

A provision of the United States Constitution that requires states to respect the "public acts, records, and judicial proceedings" of other states.

Judicial Proceedings

The process and activities that take place in courts during the handling of legal cases, including trials, hearings, and appeals.

Police Power

The capacity of the states to regulate behavior and enforce order within their territory for the betterment of the health, safety, morals, and general welfare of their inhabitants.

Health

The state of being free from illness or injury; a person's mental or physical condition.