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

question 14

Multiple Choice

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

• A)a change in the wage rate paid to labour in the economy
• B)a change in technology in the economy
• C)a change in the cost of capital in the economy
• D)a change in the rental value of land in the economy

Understand the workings and implications of conditional (if...else) statements.

Comprehend the structure and execution flow of switch-case statements.

Distinguish between the uses of the equality operator (==) and the assignment operator (=).

Understand the order of precedence for logical operators.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service.

Purchasing Power

The real value of money, reflecting how much goods or services one unit of money can buy.

Period

A length or portion of time, often defined for specific calculations or measurements.

Ratio

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other.