Examlex
Which of the following shifts the short-run aggregate supply curve to the right?
Long-Term Growth
A process where the productive capacity of an economy increases over a long period, typically accompanied by higher living standards.
Economic Fluctuations
The ups and downs in economic activity, characterized by periods of expansion and contraction in GDP and other economic indicators.
Production Possibilities Curve
A graphical representation that shows the maximum quantity of one good that can be produced for every possible level of production of another good, assuming a fixed amount of resources.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision or choosing between options.
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