Which of the Following Supply Shocks Will Shift the Long-Run

question 149

Multiple Choice

Which of the following supply shocks will shift the long-run aggregate supply curve outward?

• A)An increase in business taxes
• B)An increase in gasoline taxes
• C)An increase in the cost of raw materials
• D)An increase in the amount and cost of government regulation
• E)An increase in agricultural output

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Definitions:

Negative Exponential Curve

A type of mathematical curve that decreases rapidly at first and then levels off, often used to describe decay processes or failure rates.

Coefficient

A numerical value or constant that defines the relationship between two variables in mathematical equations or models, indicating how one variable changes in relation to another.

Repetitions

The action of repeating something, such as an exercise or task, multiple times to improve proficiency, strength, or conditioning.