An Assumption on the LRAS Curve Is

question 138

Multiple Choice

An assumption on the LRAS curve is

• A) technology remains unchanged.
• B) an increase in the average price level occurs.
• C) the economy is operating to the right of the production possibilities curve.
• D) labor productivity is increasing.

---

Definitions:

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Echoic Memory

A component of sensory memory that retains audio information, allowing the brain to capture and briefly hold sounds after the original stimulus has ceased.

Watered Down

Refers to making something less forceful or less effective, often by dilution or modification.

Transmission

The process of conveying information, signals, or messages from one person or place to another, through verbal, non-verbal, or technological means.