A Decrease in Efficiency Would Shift the Long-Run Aggregate Supply

question 47

Multiple Choice

A decrease in efficiency would shift the long-run aggregate supply curve:

• A)rightward.
• B)leftward.
• C)no shift.
• D)none of the above.

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Definitions:

Minors

Individuals who are under the age of legal competence or adulthood, typically under 18 years old.

Purchase

The act of acquiring goods or services in exchange for money or other consideration.

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