A Change That Shifted the Long-Run Aggregate Supply Curve to the Right

question 148

True/False

A change that shifted the long-run aggregate supply curve to the right would also shift the short-run aggregate supply curve to the right.

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Definitions:

Productivity

The measure of efficiency in which resources, such as labor and capital, are converted into goods, services, or outcomes.

Performance Appraisal

A regular review of an employee's job performance and overall contribution to an organization, including assessments of goals achieved and skills developed.

Human Resource Management

A strategic approach to the effective and efficient management of people in an organization in a way that helps the business gain a competitive advantage.

People-centered Practices

Business or organizational strategies that emphasize the importance and well-being of employees, promoting a positive workplace culture.