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The Rightward Shift in the LRAS Curve Shown in the Diagram

question 86

Multiple Choice

The rightward shift in the LRAS curve shown in the diagram may be caused by an The rightward shift in the LRAS curve shown in the diagram may be caused by an   A)  increase in both the availability of natural resources and the amount of the capital stock only. B)  increase in the availability of natural resources and an improvement in technology only. C)  improvement in technology and an increase in both the amount of the capital stock and in the size of the labour force only. D)  improvement in technology,and an increase in both the availability of natural resources and the amount of the capital stock only. E)  increase in the availability of natural resources,the amount of the capital stock and in the size of the labour force,and an improvement in technology.

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Definitions:

Empirical Studies

Research or studies based on actual and observable evidence, typically involving systematic observation or experimentation.

Unionized Firms

Companies or organizations where the workforce is represented by a union, which negotiates wages, working conditions, and other employment terms.

Productivity

A measure of the efficiency of production often quantified as the ratio of outputs produced to inputs used over a specified period.

Firm Profits

The net income a company retains after deducting all costs, taxes, and expenses from its total revenue.

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