The Long-Run Aggregate Supply Curve Shifts Right If

question 24

Multiple Choice

The long-run aggregate supply curve shifts right if

• A)the price level rises.
• B)the price level falls.
• C)the capital stock increases.
• D)the capital stock decreases.

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Definitions:

Rascally

Describing behavior that is playfully mischievous or dishonest, often in a benign or amusing way.

Rabbits

Small mammals with long ears, characterized by their fast reproduction and commonly found in several parts of the world.

Proposition

A declaration that signifies an opinion or judgment.

Contrary Propositions

Statements that cannot both be true at the same time, though they can both be false.