Which of the Following Most Likely Causes a Shift of the Long-Run

question 24

Multiple Choice

Which of the following most likely causes a shift of the long-run aggregate supply curve to the right?

• A) an increase in the money supply
• B) a decrease in tax revenues
• C) an increase in crop production due to more rainfall
• D) an increase in oil prices due to a fire in a major oil refinery

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Definitions:

Margin of Error

The amount of error that can be tolerated in statistical estimates, indicating the extent to which the sample results can differ from the true population values.

Test Hypotheses

The process of making an assumption about a population parameter and then using sample data to test whether the assumption holds true.

Margin of Error

A measurement of the maximum expected difference between the true population parameter and a sample estimate of that parameter.

Confidence

In statistics, the degree of certainty or probability that a parameter lies within a specified range of values.