Which of the Following Would Cause the Long-Run Aggregate Supply

question 219

Multiple Choice

Which of the following would cause the long-run aggregate supply curve to shift to the right?

• A) An increase in wages
• B) An increase in demand
• C) An increase in productivity
• D) An increase in taxes on profits

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Definitions:

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Fire-Protection Services

Services provided by firefighters and related personnel intended to protect people and property from fires and other emergencies.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be enjoyed by anyone and one person's consumption does not reduce another's.

Excludable

An excludable good is one from which individuals can be prevented from using if they do not pay for it.