The Long-Run Aggregate Supply Curve Will Shift to the Right

question 24

Multiple Choice

The long-run aggregate supply curve will shift to the right if the:

• A) potential output of the economy expands.
• B) economy loses productive capacity.
• C) economy experiences a supply shock.
• D) profit levels of firms increase.

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Definitions:

Borderline

A term often used to describe a condition, situation, or quality that is indeterminately between two states or classifications, especially in psychology where it refers to Borderline Personality Disorder.

Narcissistic

Pertaining to narcissism, characterized by an excessive preoccupation with oneself and one's physical appearance, abilities, and needs.

Antisocial

Behaviors or attitudes that go against the norms of society, often harming others or violating social rules.

Self-Destructive Acts

Behaviors or actions undertaken by an individual, which cause harm or damage to themselves, often as a way of coping with distress or emotional pain.