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

question 79

Multiple Choice

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

• A)the economy experiences technological change.
• B)the economy has a decrease in population.
• C)the economy experiences high levels of inflation.
• D)net exports decrease.
• E)the resources fall in price.

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Definitions:

Labeling Theory

A concept in sociology that suggests the identity and behavior of individuals may be influenced by the terms used to describe or classify them.

Powerful Effects

Significant impacts or changes brought about by an action, policy, or phenomenon on a society or environment.

Shared Value System

A set of principles and beliefs that are commonly accepted and practiced by a group of people.

Deviant Identity

The definition a person has of himself or herself as a deviant.