An Increase in the Amount of Human Capital ________ the Short-Run

question 49

Multiple Choice

An increase in the amount of human capital ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve.

• A) shifts; shifts
• B) shifts; does not shift
• C) does not shift; shifts
• D) does not shift; does not shift

---

Definitions:

Financial Position

The snapshot of a company's assets, liabilities, and equity at a specific point in time, providing insight into its economic resources and obligations.

Operating Condition

The current state and functioning status of a company's operational processes and resources.

Insurance

A contractual arrangement where an insurer agrees to compensate the insured for specified loss, damage, illness, or death in return for payment of a premium.

Freight Charges

Costs associated with transporting goods from one place to another.