Other Things the Same,if the Long-Run Aggregate Supply Curve Shifts

question 82

Multiple Choice

Other things the same,if the long-run aggregate supply curve shifts right,prices

• A)and output both increase.
• B)and output both decrease.
• C)increase and output decreases.
• D)decrease and output increases.

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Definitions:

Intuitive Thinking

Intuitive thinking is a cognitive process that occurs without explicit reasoning, relying on instinctive feelings rather than systematic analysis of information.

Rational

Based on or in accordance with reason or logic.

Logical

Pertaining to or characterized by clear, sound reasoning and thought processes.

Analytic

Pertaining to or proceeding by analysis (opposed to synthetic), involving the separation of a whole into its component parts to examine or determine their nature and relationship.