Which of the following changes does NOT shift the long-run aggregate supply curve?
A) a decrease in the labor force
B) a fall in the price level
C) a rise in number of college graduates in the labor force
D) a tax hike that reduces the capital stock
B
Economics
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If real GDP is 100 in year 1, and grows at a rate of 3 percent per year for 9 years, what will the GDP be in 9 years?
What will be an ideal response?
Economics
Natural barriers to entry arise when, over the relevant range of output, there
A) are diseconomies of scale. B) are constant returns to scale. C) are several firms who produce at the lowest average cost. D) are economies of scale. E) is one firm that owns a key natural resource.
Economics