PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Praxis II: Economics Content Knowledge Exam Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

The medium run aggregate supply (MRAS) is affected by labor, capital availability, technological capability, and wage rate.

True
False

Explanation

Answer - A - The answer is true.

Key Takeaway: The medium run aggregate supply (MRAS) is an intermediary between the long run and short run aggregate supplies. The MRAS curve slopes upwards and is vulnerable to changes in labor, capital, technological capability, and wage rate.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Most popular on PracticeQuiz

219 votes

You are attempting to gather information from a patient, but they are having a hard time trying to communicate since they were hit in the throat by a baseball bat. What is the function of the vocal cords? NREMT Advanced EMT
209 votes

An 8-year-old boy named Albert has a 10-year-old brother named Benny. Benny joins the service at 20 leaving Albert feeling bitter that he no longer has a brother to look up to. After 7 years, Albert is finally ready to make up with Benny who has been out of the service for 5 years. How old is Albert now? GED Exam Prep: Math
186 votes

Using motivation from ‘within’ is called ______________. CPCE Exam Prep
177 votes

The lymphatic system contains four organs: Medical Coding Exam Prep
127 votes

“A set of specialized organizational capabilities for providing value to customers in the form of services” is the official definition of: IT Service Management Foundation Practice Test

Praxis II: Economics Content Knowledge Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Praxis II: Economics Content Knowledge Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz