The aggregate supply curve can shift because of any of the following except:
A) Changes in labour.
B) Changes in technology.
C) Increases in income tax.
D) The availability of natural resources.
Correct Answer:
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Q1: While taxes distort market outcomes, welfare payments
Q2: The aggregate supply curve would shift to
Q3: Diagram 1 Q5: The actual output gap is difficult to Q6: The new Keynesian short-run aggregate supply is Q7: If AD shifts to the right when Q8: Refer to diagram 2 below, if supply-side Q9: The aggregate supply curve shifts to the Q10: The more elastic that supply and demand Q11: Diagram 1 
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