The Long-Run Aggregate Supply Curve Will Shift Leftward When

question 59

Multiple Choice

The long-run aggregate supply curve will shift leftward when

• A)consumption spending, investment spending, government purchases, or net exports decrease.
• B)price expectations are revised upward.
• C)actual prices in the economy as a whole increase.
• D)the economy's natural output level falls.

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Definitions:

Sensory Neurons

Nerve cells responsible for converting external stimuli from the environment into internal electrical impulses for the brain to interpret.

Central Nervous System

The complex network of the brain and spinal cord that is responsible for processing and sending out all the signals that control the body.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, connecting the central nervous system to limbs and organs.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the medulla oblongata in the brainstem to the lumbar region of the vertebral column; it transmits neural signals between the brain and the rest of the body.