When the Long-Run Aggregate Supply Curve Shifts Right, It Represents

question 32

Multiple Choice

When the long-run aggregate supply curve shifts right, it represents:

• A) economic growth.
• B) pushing our economy beyond normal capacity.
• C) an unemployment rate of zero.
• D) negative inflation.

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Definitions:

Straight-Line Method

An accounting method of depreciation where a fixed amount is charged annually over the useful life of the asset.

Net Liability

Net liability refers to the total liabilities of an entity minus its assets, indicating a financial position where obligations exceed resources.