The long-run aggregate supply line will necessarily shift to the right when Group of answer choices 1. Consumers spend more on goods and services 2. Government spending increases 3. There is an advancement in technology and therefore potential output

The long-run aggregate supply line will necessarily shift to the right when Group of answer choices 1. Consumers spend more on goods and services 2. Government spending increases 3. There is an advancement in technology and therefore potential output

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 2SQ

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Question

The long-run aggregate supply line will necessarily shift to the right when

Group of answer choices

1. Consumers spend more on goods and services

2. Government spending increases

3. There is an advancement in technology and therefore potential output

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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