Smallville has experienced a fall in its birth rate over time. This will cause:
a. the long-run aggregate supply curve to shift rightward
b. the long-run aggregate supply curve to shift leftward.
c. an upward movement along the long-run aggregate supply curve.
d. a downward movement along the long-run aggregate supply curve.
b
Economics
You might also like to view...
The field of behavioral economics applies the methods of economics to study how government works
a. True b. False Indicate whether the statement is true or false
Economics
Consider an industry that is in long-run equilibrium. An increase in demand leads to no change in the price of the good. We know that this is
A) a decreasing-cost industry. B) a constant cost industry. C) an increasing-cost industry. D) not a competitive industry.
Economics