Which of the following shifts the long-run aggregate supply curve to the right?
a. both an increase in the capital stock and technological improvements
b. an increase in the capital stock but not technological improvements
c. an increase in the capital stock but not technological improvements
d. neither an increase in the capital stock nor an technological improvements
a
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The textbook argues that one of the trade-offs workers make is working for a small company or a large company. The small companies offer:
A.benefits that appeal to the workers that do not include job security or career advancement. B. job security but limited potential for advancement. C. both job security and ample potential for advancement. D. more potential for advancement but limited job security.
The study of exchange rate determination is a relatively new part of international economics, since
A) for much of the past century, exchange rates were fixed by government action. B) the calculations required for this were not possible before modern computers became available. C) economic theory developed by David Hume demonstrated that real exchange rates remain fixed over time. D) dynamic overshooting asset pricing models are a recent theoretical development. E) the exchange rate never fluctuates.