The long-run aggregate supply curve would shift right if the government were to
a. reduce the minimum-wage.
b. make unemployment benefits more generous.
c. raise taxes on investment spending.
d. All of the above are correct.
a
Economics
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A perfectly competitive firm is a price
A. giver. B. taker. C. maker. D. leader.
Economics
Suppose the government of South Island fixes the exchange rate of its currency, the Islandia, in terms of the U.S. dollar. Initially the exchange rate is set at $1 per Islandia. In a crisis, the government changes the exchange rate to $0.50 per Islandia. This is an example of a(n):
A. revaluation. B. devaluation. C. appreciation. D. depreciation.
Economics