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

question 94

Multiple Choice

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

• A) a decline in the length of the average workweek 
• B) an improvement in technology 
• C) a drought 
• D) an increase in aggregate demand

---

Definitions:

Manufacturing Overhead

All indirect costs associated with manufacturing a product, like utilities, maintenance, and salaries of support staff.

Assembly Department

A segment of a manufacturing firm where components are put together to form a finished product.

Departmental Predetermined Overhead Rates

The overhead rates assigned to specific departments based on estimated costs and activity levels, used for allocating overhead to products.

Machine-Hours

A measure of the amount of time a machine is operated in a given period, often used in manufacturing to allocate costs or set production schedules.