The Long-Run Aggregate Supply Curve Would Shift Right If the Government

question 14

Multiple Choice

The long-run aggregate supply curve would shift right if the government were to

• A)reduce the minimum-wage.
• B)make unemployment benefits more generous.
• C)raise taxes on investment spending.
• D)All of the above are correct.

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Definitions:

Das Kapital

A foundational theoretical work in communist philosophy, economics, and politics, written by Karl Marx.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist best known for his critical theories about capitalism and his ideas that led to the foundation of Marxism.

Political Power

The ability to influence or outright control the behavior of people, typically involving the governance of a state, region, or organization.

Ownership of Capital

The possession of capital assets, including tools, buildings, machines, and financial resources, used to produce goods or services.