A Decrease in a Nation's Level of Capital Would Cause

question 15

Multiple Choice

A decrease in a nation's level of capital would cause the _______ aggregate supply curve to shift to the _______.

• A) long-run; right
• B) long-run; left
• C) short-run; right
• D) None of these shifts would occur.

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Definitions:

Focus

Concentration or attention directed towards a specific object, task, or thought.

Depressed Spot

A concave area or indentation on a surface, which can be physical like on the skin or structural in other materials.

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and that trigger nerve impulses that pass via the optic nerve to the brain, resulting in visual perception.

Fovea

A small depression in the retina of the eye where visual acuity is highest due to the concentration of cones.