The long-run aggregate supply curve shifts to the right when there is
A) an increase in the total amount of capital in the economy.
B) an increase in the available technology.
C) a decrease in the natural rate of unemployment.
D) A and B.
E) A, B, and C.
E
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Towards the end of the twentieth century, some of the world's more affluent countries experience robust growth while others experienced growth slowdown or even stagnation. Which of the following is not a reason for the divergent growth trend?
A. disparities in the rate of accumulation of human capital B. unwillingness to enforce property rights C. disparities in the employment rate D. differences in macroeconomic policymaking that allow producers to take a long-term view
The unattainable points in a production possibilities diagram are
A) the points outside the production possibilities frontier. B) the points of the horizontal and vertical intercepts. C) the points within the production possibilities frontier. D) the points along the production possibilities frontier.