Other Things the Same,if the Long-Run Aggregate Supply Curve Shifts

question 82

Multiple Choice

Other things the same,if the long-run aggregate supply curve shifts right,prices

• A)and output both increase.
• B)and output both decrease.
• C)increase and output decreases.
• D)decrease and output increases.

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Definitions:

Implied Warranties

Legal assurances that are not explicitly stated but are assumed in the sale of goods, suggesting they will function as expected.

Transaction

A business deal or action, such as buying or selling, between two or more parties.

Warranty

A warranty is a guarantee provided by a seller to a buyer, promising to repair or replace a product if it fails within a certain period after purchase.

Disclaimed

The act of renouncing a claim to or denying responsibility for something, often seen in legal disclaimers or warranties.