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Figure 16-7 -Refer to Figure 16-7. Over Time, the Aggregate Supply Curve

Question 48

Multiple Choice

Figure 16-7 Figure 16-7 -Refer to Figure 16-7. Over time, the aggregate supply curve shifts from SRAS<sub>1</sub> to SRAS<sub>2</sub> Jbecause of A) rising output prices. B) economic agents adjust their expectations regarding prices and wages downwards. C) a fall in nominal wages. D) economic agents adjust their expectations regarding prices and wages upwards.
-Refer to Figure 16-7. Over time, the aggregate supply curve shifts from SRAS1 to SRAS2 Jbecause of


A) rising output prices.
B) economic agents adjust their expectations regarding prices and wages downwards.
C) a fall in nominal wages.
D) economic agents adjust their expectations regarding prices and wages upwards.

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