In Which of the Following Situations Would the Long-Run Aggregate

question 53

Multiple Choice

In which of the following situations would the long-run aggregate supply curve shift right?

• A)if technology improves
• B)if the price level decreases
• C)if the price of oil increases
• D)if the money supply increases

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Definitions:

Technology on Organizations

The impact or influence that the adoption of technology has on the structure, operations, and culture of organizations.

Automated Services

Services operated or delivered by automated systems or machines, reducing the need for human intervention.

Contract Employment

A form of employment where the employee is hired for a specified duration or for a specific project with a defined end date.

Ethical Practices

Behaviors and decisions within a business context that are guided by principles and values considered to be morally right and fair.