The long-run aggregate supply increases as: a. new production ...

[Hungry!]

The long-run aggregate supply increases as:
 a. new production technology is introduced.
  b. the quality of labor declines.
  c. the average price level increases.
  d. natural resources become depleted.
  e. the minimum wage rate increases.

Question 2

The fallacy of composition is essentially the error of:
 a. confusing association with causation.
 b. confusing normative economics with positive economics.
  c. generalizing from the individual to the whole.
 d. omitting relevant variables from an economic model.

[missalyssa26]

Answer to Question 1

a

Answer to Question 2

c