Intertemporal Substitution Causes a Positive Productivity Shock To

question 136

Multiple Choice

Intertemporal substitution causes a positive productivity shock to:

• A) make the LRAS curve less steep.
• B) make the LRAS curve steeper.
• C) shift the LRAS curve farther to the right.
• D) shift the LRAS curve farther to the left.

---

Definitions:

Biology

The scientific study of life and living organisms, including their structure, function, growth, evolution, and distribution.

Future Expectations

Predictions or anticipations about what will happen or how situations will unfold in the future.

Coping Technique

A method or strategy used by an individual to deal with stressful situations, emotions, or challenges.

Self-discrepancy

The gap between one's actual self and ideal or ought selves, which can influence emotions and behaviors.