Which of the Following Would Shift the LRAS Curve to the Right

question 20

Multiple Choice

Which of the following would shift the LRAS curve to the right?

• A)a decline in the size of the labor force
• B)a reduction in the quality of the labor force
• C)a reduction in the cost of using computers
• D)an increase in the price level
• E)an increase in aggregate demand

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Definitions:

Standard Normal Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, representing a standardized version of the normal distribution.

Less Than

A mathematical expression indicating that one quantity is smaller than another.

Z-scores

Standardized scores that indicate the number of standard deviations a data point is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, commonly used in statistics.