The Position of the Long-Run Aggregate Supply Curve

question 89

Multiple Choice

The position of the long-run aggregate supply curve

• A)is determined by resource usage and technology.
• B)is at the point where the unemployment rate is zero.
• C)shifts to the right when the money supply increases.
• D)is at the point where the economy would cease to grow.

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Definitions:

Equally

With uniformity, without difference; being the same in quantity, size, degree, or value.

Individualistic

Pertaining to an outlook or philosophy that emphasizes the importance of the individual and their autonomous decision-making over collective goals.

Collectivistic

Describing cultures or societies that prioritize the group over the individual, often emphasizing community, cooperation, and interdependence.

Self-Esteem

An individual's subjective evaluation of their own worthiness and value.