The Long-Run Aggregate Supply Curve Shifts Right If

question 58

Multiple Choice

The long-run aggregate supply curve shifts right if

• A)immigration from abroad increases.
• B)the capital stock increases.
• C)technology advances.
• D)All of the above are correct.

---

Definitions:

Total Cost Transferred

The aggregate cost of goods or services that is moved from one process or department to another in the production process.

First Processing Department

The initial stage or department in a manufacturing process where raw materials begin their transformation into finished goods.

Transferred Out

This term is used in accounting to describe costs or goods that are moved from one production process or department to another.

Materials

Raw substances used in the manufacturing process to create a finished product.