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:

Obedient

Characterized by or displaying compliance with authority or rules, often following commands or instructions without question.

Disciplined

Having or demonstrating a controlled form of behavior or way of working, often characterized by adherence to a set of rules or a strict regimen.

Structures of Authority

The systems and frameworks within which power is distributed and exercised in an organization or society.

Protest

A public demonstration of objection, disapproval, or dissent towards an idea or action, typically addressing political or social issues.