What primarily causes long-run aggregate supply shifts?
Shifts in Aggregate Supply: Short- and Long-Term Impacts and Uncertainties

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Business
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11th Grade - University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes in government policy
Quantity and quality of production factors
Fluctuations in consumer demand
Variations in interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key factor in short-run aggregate supply shifts?
Government regulations
Population growth
Cost of production factors
Technological advancements
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might a decrease in oil prices affect short-run aggregate supply?
It causes an outward shift
It stabilizes the supply curve
It causes an inward shift
It has no effect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential long-term effect of population growth due to new births?
Long-term increase in labor supply
Decrease in productivity
Immediate decrease in labor supply
Immediate increase in labor supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does immigration impact the long-run aggregate supply curve?
It causes an inward shift
It causes an immediate outward shift
It has no impact
It stabilizes the supply curve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge does an aging population pose to aggregate supply?
It increases the labor force
It reduces workforce exits
It stabilizes the economy
It counteracts positive impacts of immigration
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Keynesian aggregate supply curve illustrate about spare capacity?
It shows immediate benefits of supply shifts
It indicates no effect on the economy
It highlights potential delays in benefits
It suggests a decrease in supply
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