Which of the following examples, ceteris paribus, is most likely to cause a rightward shift in that nation’s long-run aggregate supply curve?
a. The United Kingdom experiences a decline in labor productivity.
b. The French government increases government regulations on business.
c. The price of oil temporarily declines in the United States.
d. The Netherlands experiences an increase in its stock of capital.
d. The Netherlands experiences an increase in its stock of capital.
You might also like to view...
According to this Application, the more unhappy unemployed individuals were
A) the more likely they were to remain unemployed. B) the longer they collected unemployment benefits. C) the more they congregated around others who were unemployed. D) the more aggressive they would be to try to find a job.
(Consider This) Consumers might leave a fast-food restaurant without being served because:
A. they are misinformed about the marginal cost and marginal benefits of the food being served. B. they conclude that the marginal cost (monetary plus time costs) exceeds the marginal benefit. C. the environment is not conducive to a rational choice. D. the lines waiting for service are not of equal length.