1. Suppose over time, a country's labor productivity is decreasing. Given what the lecture slides say causes shifts in the LRAS curve, the LRAS curve would tend to shift right over time.

Group of answer choices

True

False

2. Which of the following causes the SRAS and the LRAS curve to shift right?

Group of answer choices

a. A decrease in the money supply

b. An increase in the Marginal Propensity to Consume

c. An increase in the price of oil

d. An increase in the amount of human capital

e. A decrease in the actual price level

3.Recall when the coronavirus caused many businesses to stop running which started a major recession. According to the AD-AS model, what can the government do to try and lessen the severity of such a recession?

Group of answer choices

a. Give everyone a shot of Tequila each day

b. Lower government spending

c. Raise taxes

d. Raise government spending

e. The government cannot do anything to lessen a recession's severity