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

question 59

Multiple Choice

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

• A) if the government were to increase the minimum-wage
• B) if the government were to make unemployment benefits more generous
• C) if the government were to raise taxes on investment spending
• D) if the government were to increase immigration

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Definitions:

Mine Caving

A method of underground mining involving the controlled collapse of ore deposits to allow their extraction.

Distribution of Wealth

Refers to the way wealth is distributed among the members of a society, impacting economic inequality and access to resources.

Second Principle

In the context of John Rawls' theory, the second principle of justice describes fair equality of opportunity and the difference principle, allowing inequalities only if they benefit the least advantaged.

Income

The financial gain or money received, typically on a regular basis, for work or through investments.