Both Short and Long-Run Aggregate Supply Curves Can Shift to the Right

question 168

True/False

Both short and long-run aggregate supply curves can shift to the right if entrepreneurial activities lower costs of production and expand what can be produced.

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Definitions:

24-Hour Cycle

Refers to the circadian rhythm, an internal biological clock that regulates the sleep-wake cycle and other physiological processes within a 24-hour period.

Electroencephalograph

An instrument that measures and records the electrical activity of the brain.

Electrical Activity

Refers to the movement of electrical charges or currents, often used in the context of neuronal or brain activities.

Consciousness

The awareness of internal and external stimuli, including feelings, thoughts, and the environment.