Other Things the Same,if the Long-Run Aggregate Supply Curve Shifts

question 36

Multiple Choice

Other things the same,if the long-run aggregate supply curve shifts left,prices

• A)and output both increase.
• B)and output both decrease.
• C)increase and output decreases.
• D)decrease and output increases.

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Definitions:

Budgeting

The process of creating a plan to spend your money, allowing an individual or organization to determine in advance whether they can afford the necessary expenditures.

Strategic Plans

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Detailed plans that outline the goals, strategies, and activities for an organization for the upcoming fiscal year.

Stable Industries

Sectors of the economy known for consistent demand and steady growth, often less affected by economic cycles.