Which of the Following Will Most Likely Cause an Increase

question 21

Multiple Choice

Which of the following will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves?

• A) an increase in the national debt
• B) an increase in income tax rates
• C) a decrease in the economy's rate of investment and capital formation
• D) a technological improvement in robotics that substantially increases labor productivity

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Definitions:

Cholesterol Levels

The amount of cholesterol present in the bloodstream, important for assessing heart disease risk.

Sign Test

A non-parametric test that assesses the median of a statistical population by comparing the number of positive vs. negative changes from a median value.

Matched Pairs

A study design where each participant is paired with another participant who has similar characteristics, but receives a different treatment.

Null Hypothesis

A statement used in statistics that assumes no significant difference or effect exists in a set of observations.