Author Question: Which of the following events will increase long-run aggregate supply? A) an increase in the ... (Read 126 times)

cabate

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Which of the following events will increase long-run aggregate supply?
 
  A) an increase in the interest rate
  B) an increase in resource prices
  C) a decrease in expected profit
  D) an advance in technology

Question 2

As an economic concept, scarcity applies to
 
  A) both money and time.
  B) money but not time.
  C) time but not money.
  D) neither time nor money.



mjenn52

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Answer to Question 1

D

Answer to Question 2

A



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