The main effect of an increase in capital stock is a(n):
a. rightward shift of the long-run aggregate supply curve.
b. rightward shift of the aggregate demand curve
c. leftward shift of the long-run aggregate supply curve.
d. leftward shift of the aggregate demand curve.
e. increase in price and output levels.
a
Economics
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According to Nobel laureate Ronald Coase, firms exist in order to
A) maximize transactions costs. B) minimize transactions costs. C) maximize transactions. D) employ workers.
Economics
When future labor income rises in a large open economy, it causes the current account to ________ and investment to ________
A) fall; rise B) rise; remain unchanged C) fall; fall D) rise; rise
Economics