Answered: Which of the following shifts LRAS but…

Which of the following shifts LRAS but not SRAS? A. Technological improvements B. Expected changes in the future price level C. Increases in the labor force D. None of the above

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 8WNG

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Concept explainers

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.

Question

Which of the following shifts LRAS but not SRAS?

A. Technological improvements

B. Expected changes in the future price level

C. Increases in the labor force

D. None of the above

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