Which of the Following Shifts Both the Short-Run and Long-Run

question 69

Multiple Choice

Which of the following shifts both the short-run and long-run aggregate supply right?

• A)an increase in the actual price level
• B)an increase in the expected price level
• C)an increase in the capital stock
• D)None of the above is correct.

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Definitions:

Errors

The differences between observed values and the values predicted by a model, showcasing the discrepancies that can arise in data analysis.

Normally Distributed

Normally distributed refers to a dataset that follows a Gaussian distribution, where data tends to cluster around a central mean with a predictable spread.

Residuals

Differences between observed values and the estimated values provided by a model.

Predicted Values

The expected outcomes calculated using a regression line or another statistical model.