Florencia has decided to make computer literacy mandatory in high schools. This is expected to bring about a technological growth and 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.
a
Economics
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Economists call the idea that increases in government spending cause decreases in private investment
a. crowding out b. locking in c. the liquidity trap d. automatic stabilization e. the Phillips trade off
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Which of the following would cause a decrease in the short-run aggregate supply curve (SRAS)?
a. An advance in technology b. An increase in the CPI c. An increase in oil prices d. An increase in the long-run aggregate supply curve (LRAS)
Economics