In Which Situation Would the Long-Run Aggregate-Supply Curve Shift Right

question 203

Multiple Choice

In which situation would the long-run aggregate-supply curve shift right?

• A) if technology improves
• B) if the price level decreases
• C) if the price of oil increases
• D) if the money supply increases

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Definitions:

Mutual Interests

Shared objectives or benefits among parties in a negotiation or relationship that can lead to more cooperative and productive outcomes.

Competitive Advantage

An attribute that allows a company to outperform its competitors, creating greater value for its customers or clients.

Pay Equality

The principle of ensuring that employees receive equal pay for equal work, without discrimination based on gender, ethnicity, or other such factors.

Turnover

Refers to the rate at which employees leave a company and are replaced by new employees.