Which of the Following Shifts the Long-Run Aggregate Supply Curve

question 97

Multiple Choice

Which of the following shifts the long-run aggregate supply curve to the left?

• A)either an increase in the price of imported natural resources or opening up international trade
• B)neither an increase in the price of imported natural resources or opening up international trade
• C)an increase in the price of imported natural resources, but not opening up international trade
• D)opening up international trade, but not an increase in the price of imported natural resources

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Definitions:

Refused

Act of declining to accept, agree to, or comply with something.

Commercialization

The process of bringing new products or services to market, including the production, marketing, and sale to end consumers.

Web

Short for World Wide Web, a network of online content formatted in HTML and accessed via the HTTP or HTTPS protocol.

Peer-To-Peer

A distributed network architecture where each participant (peer) shares a part of their resources with other peers directly, without requiring centralized coordination.