The Long-Run Aggregate Supply Curve Will Shift to the Right

question 97

Multiple Choice

The long-run aggregate supply curve will shift to the right when

• A)population increases.
• B)the price level increases.
• C)technology improves.
• D)labour supply falls.

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Definitions:

Demolish Old Building

The process of tearing down or destroying an outdated or dilapidated building, often to clear the site for new construction or uses.

Construction

The process of building or assembling infrastructure, buildings, or other substantial physical structures.

Operating Expenditure

The costs associated with the day-to-day operations of a business, including salaries, rent, and utilities.