Both the Long-Run and Short-Run Aggregate Supply Curves Will Shift

question 283

Multiple Choice

Both the long-run and short-run aggregate supply curves will shift when

• A) the government increases defense spending.
• B) an event occurs which is expected to last only a short period of time.
• C) they are both upward sloping.
• D) the endowments of the factors of production change.

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Definitions:

Mutual Attraction

A shared physical or emotional pull between two individuals, leading to a potential relationship or connection.

Pleasing Disposition

A personality trait characterized by a tendency to be agreeable, amiable, and seek to make others happy.

Intelligence

An individual’s ability to understand complex ideas, to adapt effectively to the environment, to learn from experience, to engage in various forms of reasoning, and to overcome obstacles through mental effort.

Pleasing Disposition

A temperament or personality that is generally agreeable and pleasant to interact with.