Which of the Following Would Shift Long-Run Aggregate Supply to the Right

question 55

Multiple Choice

Which of the following would shift long-run aggregate supply to the right?

• A)increased immigration from abroad
• B)a decrease in the price of an imported natural resource
• C)opening the economy to international trade
• D)All of the above are correct.

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Definitions:

Perpetual Inventory System

An inventory management system where inventory levels are updated in real-time or on a continuous basis following each purchase or sale transaction.

General Journal

A primary accounting record used to record all types of transactions and events in chronological order before they are posted to specific accounts.

Internal Control

Approaches and techniques employed by a business to protect the veracity of accounting and financial information, foster answerability, and inhibit dishonesty.

Cash Receipts

Money received by a business from transactions, including sales, loan proceeds, or other cash inflows.