Examlex
Which of the following shifts the long-run aggregate supply curve to the left?
Favorable Supply Shock
An unexpected event that increases the availability of a good or service, thus lowering its price and benefiting consumers.
Inflation
The measure of how quickly the general pricing for products and services advances, decreasing monetary purchasing power.
Unemployment Rate
The ratio of individuals without employment, yet are actively pursuing job opportunities in the labor force.
Disinflation
A decrease in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services increase over time.
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