1. Business
  2. Economics
  3. longrun aggregate supply is a the sum of planned expenditures...

Question: longrun aggregate supply is a the sum of planned expenditures...

Question details

Econ 2301 Test 3 M 1) Long-run aggregate supply is A) the sum of planned expenditures by consumers and firms. that the economy is operating on the production possibili C) downward sloping. D) upward sloping. 2) Which of the following will cause the long-run aggregate supply curve to shift? L Changes in IT. Changes in government spending. TIL Changes in the money supply. A)I only B) II only C) I, II, and III only I and II Real GDPYear 3) The curve in the above figure will shift to the right when A) the price level falls. B) technology increases. C) population falls. D) the proportion of the population that is elderly increases.
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution