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

question 151

Multiple Choice

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

• A)the potential output of the economy expands.
• B)the economy loses productive capacity.
• C)the economy experiences a supply shock.
• D)The long-run aggregate supply curve is fixed,and does not move.

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Definitions:

Individual Rights

The fundamental freedoms and protections that belong to each person, often highlighting issues of fairness and respect in social and organizational contexts.

Ethical Principle

Fundamental guidelines that dictate the behavior and decision-making process of individuals or organizations, ensuring actions are morally right.

Unjust Favoritism

A situation where preferential treatment is given without fair standards or merit, often leading to dissatisfaction and conflict within groups.

Group Harmony

The state of agreement and cooperation among members of a group, achieved by minimizing conflicts and emphasizing common interests.