Which of the following events will increase the long-run aggregate supply? a decrease in the general price level an increase in the interest rate an advance in production technology None of the other answers is correct a reduction in oil prices O O

Which of the following events will increase the long-run aggregate supply? a decrease in the general price level an increase in the interest rate an advance in production technology None of the other answers is correct a reduction in oil prices O O

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model

Section: Chapter Questions

Problem 2CQ

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Question

Which of the following events will increase the long-run aggregate supply?
a decrease in the general price level
an increase in the interest rate
an advance in production technology
None of the other answers is correct
a reduction in oil prices
O
O

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