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:

Decreases

A reduction in the quantity, size, or value of something.

Notes Payable

A written agreement or promissory note to pay a certain sum of money, usually with interest, by a specific date.

Salaries Expense

Represents the total amount of gross wages paid by a business to its employees over a specific period, typically before any deductions.

Chronological Order

The arrangement of events, documents, or records in the sequence of their occurrence.