According to the Real Business Cycle Model,a Rightward Shift in the Long-Run

question 36

Multiple Choice

According to the real business cycle model,a rightward shift in the long-run aggregate supply schedule would be caused by ________.

• A)a negative supply shock
• B)an increase in aggregate demand
• C)a positive supply shock
• D)a decrease in aggregate demand

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Means-Tested Programs

are government assistance programs intended for individuals or families whose incomes and assets fall below specified thresholds.

Temporary Assistance

Short-term aid or support provided by governments or organizations to individuals facing financial hardship or disasters.

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Refers to households with insufficient income or resources to maintain basic living standards, often qualifying them for governmental or charitable assistance programs.

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A social system in which the government assumes primary responsibility for the welfare of its citizens by providing services such as healthcare, education, and financial support.