Both the Long-Run and Short-Run Aggregate Supply Curves Will Shift

question 283

Multiple Choice

Both the long-run and short-run aggregate supply curves will shift when

• A) the government increases defense spending.
• B) an event occurs which is expected to last only a short period of time.
• C) they are both upward sloping.
• D) the endowments of the factors of production change.

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Definitions:

Vijayanagar Empire

A prominent South Indian empire known for its wealth, strength, and patronage of the arts and architecture, flourishing between the 14th and 17th centuries.

Great Temple

A term that can refer to any significant religious structure or building deemed important due to its size, history, or spiritual significance.

Madurai

An ancient city in the southern Indian state of Tamil Nadu, known for the Meenakshi Amman Temple and its rich cultural heritage and history.

Divine Being

A supernatural entity considered to possess godly powers or qualities, worshipped or revered in various religions.