A Rightward Shift of the Long-Run Aggregate Supply Curve Is

question 162

Multiple Choice

A rightward shift of the long-run aggregate supply curve is caused by

• A)an increase in the minimum wage.
• B)an increase in the average duration of unemployment.
• C)improvements in technology and resource endowments.
• D)an increase in the GDP deflator.

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Definitions:

Impulse Control

The ability to resist or delay immediate temptations or urges in order to achieve longer-term goals.

Adlerian Theory

A psychological approach focusing on individual psychology and the importance of feelings of inferiority and striving for superiority.

Responsibility

The condition of being responsible for addressing an issue or being in charge of someone.

Adlerian Theory

A psychological perspective emphasizing the importance of societal factors, individual lifestyle, and the concept of inferiority feelings on behavior.