Which of the following would be most likely to produce a rightward shift in the long run aggregate supply curve (LAS)? a) a decrease in the quantity of oil b) an increase in the quantity and skills of the labour force c) an increase in input prices d) a decrease in the productivity of land
Which of the following would be most likely to produce a rightward shift in the long run aggregate supply curve (LAS)? a) a decrease in the quantity of oil b) an increase in the quantity and skills of the labour force c) an increase in input prices d) a decrease in the productivity of land
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 15QP
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Which of the following would be most likely to produce a rightward shift in the long run
a) a decrease in the quantity of oil
b) an increase in the quantity and skills of the labour force
c) an increase in input prices
d) a decrease in the productivity of land
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