If Resources Become More Productive

question 65

Multiple Choice

If resources become more productive:

• A)neither the short-run aggregate curve nor the long-run supply curve shifts
• B)the short-run aggregate-supply curve is not affected but the long-run aggregate curve shifts
• C)the aggregate-demand curve shifts
• D)both the short-run and the long-run aggregate-supply curves shift

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Definitions:

Affects

Influences or changes caused by one factor on another within a business or system.

Accounts

Records within financial accounting that are used to keep track of increases or decreases in specific financial components, like assets, liabilities, equity, revenue, and expenses.

Dividends Declared

Dividends Declared are profits that a company's board of directors has decided to distribute to shareholders, but which have not yet been paid out.

Increase

An uptick in size, number, value, or strength.