Which of the following does not influence the position of the long-run aggregate supply curve?
a. The quantity of raw materials available for production
b. The quantity of capital used in production
c. The quality of the labor force
d. The actual price level
e. The size of the labor force
d
Economics
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Workers prefer layoffs to wage reductions during economic downturns because
A) layoffs benefit workers more than the firms. B) workers try to provide firms with incentives to report true economic conditions. C) firms will keep workers even during economic downturns to avoid more costs. D) there is symmetric information.
Economics
Homogeneous products are indistinguishable from one another.
Answer the following statement true (T) or false (F)
Economics