MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 10.A, Problem 3SQ
To determine

The reason causing decrease in short run aggregate supply curve.

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Which of the following would cause a decrease inthe short-run aggregate supply curve (SRAS)?a. An increase in oil pricesb. An advance in technologyc. An increase in the CPId. An increase in the long-run aggregate supplycurve (LRAS)
Which of the following events increases aggregate supply? A. A decrease in potential GDP B. A rise in the price level C. A fall in the money wage rate D. A fall in the price level
Which of the following causes the aggregate supply curve to shift inward? a. Increase in quantity of labor b. Increase in quantity of capital c. Decrease in GDP d. Decrease in price level
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