Which of the Following Would Cause the Long-Run Aggregate Supply

question 57

Multiple Choice

Which of the following would cause the long-run aggregate supply curve to shift rightward?  

• A) a rise in energy prices 
• B) a drop in the actual price level 
• C) if workers opt for more leisure time and less time on the job 
• D) if a technological breakthrough, with widespread practical applications, occurs in the microcomputer industry

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Definitions:

Hyperbola

A type of smooth curve lying in a plane, defined as the locus of all points that satisfy the equation of the difference of distances from two fixed points (the foci) being constant.

Graph

A visual representation of data or mathematical functions, often plotted on coordinate axes.

Semielliptical Arch

An arch that forms the shape of a half ellipse, commonly used in architecture for its aesthetic appeal and stability.

Diameter

The diameter of a circle is the longest straight line that can be drawn through the center, connecting two points on the circumference.