Which of the Following Shifts the Long-Run Aggregate Supply Curve

question 76

Multiple Choice

Which of the following shifts the long-run aggregate supply curve to the left?

• A)either an increase in the price of imported natural resources or a reduction in trade restrictions.
• B)neither an increase in the price of imported natural resources or a reduction in trade restrictions.
• C)an increase in the price of imported natural resources and an increase in trade restrictions.
• D)an increase in trade restrictions and a decrease in the price of imported natural resources.

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Definitions:

Statistical Tests

Quantitative methods used to determine whether hypotheses about data are supported or refuted.

Primary Research

Collection of original data or firsthand information through methods like surveys, interviews, or experiments.

Experiments

Controlled procedures carried out to discover, test, or demonstrate a hypothesis or the effect of one variable on another.

Qualitative Research

A research method focused on understanding phenomena through observing and interpreting non-numerical data, such as interviews, observations, and texts.