What Happens to Prices and Output When the Long-Run Aggregate-Supply

question 86

Multiple Choice

What happens to prices and output when the long-run aggregate-supply curve shifts right?

• A) Prices and output both increase.
• B) Prices and output both decrease.
• C) Prices increase and output decreases.
• D) Prices decrease and output increases.

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Definitions:

Descriptive Theory

A framework or model that explains phenomena by describing their characteristics, behaviors, or attributes.

Grand Theory

A broad conceptual framework that attempts to explain large segments of the human experience, often used within the discipline of sociology and psychology.

Betty Neuman's Theory

A nursing theory focused on individuals' response to stressors, emphasizing prevention as intervention.

Line of Defences

Refers to a model in healthcare and biology, indicating mechanisms that prevent infection or disease, typically broken down into primary, secondary, and tertiary levels.