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:

Insurance

A financial product that provides protection against losses or damages, in exchange for premium payments.

Departmental Income Statement

An income statement that shows the financial performance of different departments within a company.

Net Income

The total profit of a company after all revenues and gains are accounted for and all expenses and losses are deducted.

Direct Expense

Costs that can be directly traced to a specific product, service, or department, and is a key factor in the cost of goods sold.