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:

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 (most acidic) to 14 (most basic).

K

A symbol representing the element potassium, an essential dietary mineral and a highly reactive metal.

[HCO3-]

The chemical formula for bicarbonate, an anion that acts as a buffering agent in the blood to maintain acid-base balance.

pH

A measure of the acidity or alkalinity of a solution, with values ranging from 0 (very acidic) to 14 (very basic), and 7 being neutral.