The Long-Run Aggregate Supply Curve Shifts to the Right When

question 58

Multiple Choice

The long-run aggregate supply curve shifts to the right when there is

• A)a decrease in the total amount of capital in the economy.
• B)a decrease in the total amount of labor supplied in the economy.
• C)a decrease in the available technology.
• D)a decline in the natural rate of unemployment.

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Definitions:

Loyalty

A strong feeling of support or allegiance, often seen in consumer behavior as repeated business or advocacy for a particular brand, product, or service.

Quid Pro Quo

A Latin term meaning "something for something," referring to a mutual agreement where something is given in return for something else.

Devil's Advocate

A person who expresses a contentious opinion in order to provoke debate or test the strength of the opposing arguments.

Preparedness Hypothesis

The theory that suggests humans are more rapidly and persistently conditioned to stimuli perceived as evolutionary threats compared to neutral stimuli.