The Long-Run Aggregate Supply Curve Would Shift Left If the Amount

question 32

Multiple Choice

The long-run aggregate supply curve would shift left if the amount of labor available

• A)increased or Congress made a substantial increase in the minimum wage.
• B)decreased or Congress abolished the minimum wage.
• C)increased or Congress abolished the minimum wage.
• D)decreased or Congress made a substantial increase in the minimum wage.

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of a negative condition strengthens a desired behavior.

Desirable Stimulus

A stimulus that elicits a positive response due to its appealing nature.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus strengthens a desired behavior.

Punishment

A process where an undesired behavior is followed by a consequence, typically reducing the likelihood of that behavior occurring again.