Question

In the context of the Classical model, which of the

Q: Answer-In the context of the Classical model, which of the following would cause a shift in the long-run ag...

LRAS will only shift because of either increase in productivity improvement in technology. For options a and b and d, the aggregate demand curve shifts to Right.

following would cause a shift in the long-run aggregate supply curve (LRAS)?

A An increase in the money supply

B An improvement in technology

C An increase in consumer spending

D A decrease in the price level

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In the context of the Classical model, which of the

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