Question

Which of the following will increase both the​ short-run and​ long-run aggregate supply​ curves?

A.

There are fewer firms involved in perfectly competitive and monopolistically competitive market structures as the economy features more oligopolies than before.

B.

The wage rate temporarily decreases throughout the economy.

C.

Younger workers in the labour force receive better and more training than their predecessors.

D.

The supply of key raw​ materials, such as petroleum and​ bauxite, is reduced.

Which of the following is true concerning shifts of the​ long-run aggregate supply​ curve?

A.

An increase in the​ long-run aggregate supply curve causes its slope to become steeper as real GDP increases.

B.

An increase in the​ long-run aggregate supply curve causes greater unemployment.

C.

An increase in the​ long-run aggregate supply curve is depicted as a rightward shift and an increase in real GDP.

D.

A decrease in the​ long-run aggregate supply curve cannot happen in the​ AS/AD model.

Answer 1

1)

Younger workers in the labor force receive better and more training than their predecessors.

because of their availability for longer period it will have impact on both short as well as long term supply

2)

An increase in the long-run aggregate supply curve is depicted as rightward shifts and an increase in real GDP.

because GDP raises the supply through economic growth

the above is answer..