All of the Following Would Shift the LRAS Curve to the Right

question 5

Multiple Choice

All of the following would shift the LRAS curve to the right EXCEPT

• A) an increase in the size of the labor force.
• B) a net inflow of human capital.
• C) an increase in the overall price level.
• D) an improvement in technology.

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Definitions:

Focal Date

A specific point in time that serves as a reference or target for financial calculations or contractual obligations.

Loan Date

The specific date on which a loan agreement is signed, and the funds are disbursed to the borrower.

Plant Capacity

Plant capacity refers to the maximum output or production that a manufacturing facility can achieve under normal conditions.

Variable Costs

Costs that vary directly with the level of production or volume of output, in contrast to fixed costs.