The Long-Run Aggregate Supply Curve Will Shift to the Right

question 45

Multiple Choice

The long-run aggregate supply curve will shift to the right if

• A)the economy experiences technological change.
• B)there is a decrease in population.
• C)the economy experiences high levels of inflation.
• D)net exports decrease.

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Definitions:

Social Needs

Essential aspects of human motivation that encompass the need for companionship, belonging, and acceptance within social groups.

Will Schutz

A psychologist known for creating the Fundamental Interpersonal Relations Orientation (FIRO) theory, which explores how interpersonal relationships impact individual behavior.

Self-esteem

An individual's subjective evaluation of their own worth or value.

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The education history of an individual, including schools attended, degrees obtained, and other academic achievements.