A Rightward Shift of the Long-Run Aggregate Supply Curve Is

question 162

Multiple Choice

A rightward shift of the long-run aggregate supply curve is caused by

• A)an increase in the minimum wage.
• B)an increase in the average duration of unemployment.
• C)improvements in technology and resource endowments.
• D)an increase in the GDP deflator.

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Definitions:

World Trade Networks

A global system of economic and commercial connections facilitated through the exchange of goods, services, and information across different countries and cultures.

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group, often losing their original cultural identity.

Ethnocide

The deliberate and systematic destruction of the culture of an ethnic group, often alongside physical genocide but can occur separately.