The Long-Run Aggregate Supply Curve Shifts Right at the Same

question 207

Multiple Choice

The long-run aggregate supply curve shifts right at the same time as

• A) wages increase.
• B) the production possibilities curve shifts outward.
• C) the production possibilities curve shifts inward.
• D) the inflation rate increases.

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Definitions:

Articles of Incorporation

Official papers submitted to a governmental authority to officially register the formation of a company.

Assets Obligations

Duties or debts that an individual or entity is required to fulfill based on ownership of assets.

Merger

The combination of two or more companies into one, where one survives and the others cease to exist.

Creditors

Individuals or institutions that are owed money by debtors or borrowers.