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

question 9

Multiple Choice

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

• A) technology became more advanced.
• B) faster 5G mobile technology was widely adopted.
• C) the growth rate of the labor force increased.
• D) All of these would shift the long-run aggregate supply curve to the right.

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Definitions:

Poisson Distribution

A statistical distribution describing the probability of a given number of events happening in a fixed interval of time or space, assuming events happen independently at a constant rate.

Exponential Distribution

A probability distribution that describes the time between events in a Poisson process, showing how a process is spread out over time.

Poisson Distribution

is a statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Dental Clinic

A healthcare facility specializing in the diagnosis, prevention, and treatment of diseases and conditions of the oral cavity.