When the Long-Run Aggregate Supply Curve Shifts Right, It Represents

question 32

Multiple Choice

When the long-run aggregate supply curve shifts right, it represents:

• A) economic growth.
• B) pushing our economy beyond normal capacity.
• C) an unemployment rate of zero.
• D) negative inflation.

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Definitions:

Mesozoic

The geological era between 252 to 66 million years ago, known for the dominance of dinosaurs.

Paleozoic

An era in Earth's geologic time scale, from about 541 to 252 million years ago, marked by the development of early life.

Subduction Zone

A region of the Earth's crust where tectonic plates converge, and one plate moves under another, often creating volcanic and seismic activity.

Magma

Molten rock located beneath the Earth's surface, which can form igneous rocks when it cools and solidifies.