Which of the Following Factors Influence the Position of the Long-Run

question 143

Multiple Choice

Which of the following factors influence the position of the long-run aggregate supply curve?

• A) the supply of money
• B) government spending
• C) taxes
• D) the level of full-employment output

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Definitions:

Orange Juice Market

The commercial sector involved with the production, distribution, and sale of orange juice.

Equilibrium Point

A condition in markets where the quantity of a good supplied equals the quantity demanded at the market price.

Life Span

The duration or length of life of an individual or organism.

Demand Curve

A graph showing how the quantity of a good or service demanded by consumers changes at different prices.