The Long-Run Aggregate Supply Curve Will Shift Outward to the Right

question 240

Multiple Choice

The long-run aggregate supply curve will shift outward to the right when

• A)there is economic growth.
• B)the price level decreases.
• C)the real-balance effect increases.
• D)the amount of labor decreases.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Responsibility

An obligation to carry out duties or tasks with accountability for the outcomes.

Organizational Effectiveness

The degree to which an organization is successful in achieving its goals and objectives through efficient use of resources, adaptability, and fulfilling stakeholder needs.

Effective

Having the desired result or outcome; achieving the intended goal efficiently and successfully.