All else equal, a decline in price of inputs across the economy — such as labor — causes 6) A) Rightward shift of aggregate demand [AD] and a higher real GDP [Y] B) Leftward shift of aggregate supply [AS] and a lower Y C) Rightward shift of AS and a higher Y D) Leftward shift of AD and deflatio

All else equal, a decline in price of inputs across the economy — such as labor — causes 6) A) Rightward shift of aggregate demand [AD] and a higher real GDP [Y] B) Leftward shift of aggregate supply [AS] and a lower Y C) Rightward shift of AS and a higher Y D) Leftward shift of AD and deflatio

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter20: Aggregate Demand And Supply

Section: Chapter Questions

Problem 8SQP

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Question

All else equal, a decline in price of inputs across the economy — such as labor — causes 6)

A) Rightward shift of aggregate demand [AD] and a higher real GDP [Y]

B) Leftward shift of aggregate supply [AS] and a lower Y

C) Rightward shift of AS and a higher Y

D) Leftward shift of AD and deflation

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