Long-Run Aggregate Supply Shifts Are Caused by

question 103

Multiple Choice

Long-run aggregate supply shifts are caused by

• A) changes in consumption,investment,government spending,and net exports.
• B) temporary changes in input prices.
• C) changes in expected future price levels.
• D) changes in resources,technology,and institutions.
• E) changes in consumption,investment,government spending,net exports,resources,technology,and institutions.

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Definitions:

ERP

Enterprise Resource Planning, a type of software that organizations use to manage and integrate important parts of their businesses, including finance, supply chain, operations, and human resources.

Net Requirements

The total quantity needed of a particular item, considering current inventory levels and future orders but excluding any on-hand inventory.

Gross Requirements

represent the total amount of materials or products required to meet production demands, before accounting for any existing inventory.

Product A

A placeholder name for a specific product, typically used in examples or theoretical discussions.