The SAS curve shifts leftward if
A) the money wage rate increases.
B) OPEC reduces world oil prices.
C) tax cuts stimulate labor supply.
D) good weather increases agricultural harvests.
Correct Answer:
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Q68: If oil prices increase, then in the
Q69: A higher price for oil shifts the
A)
Q70: Cost-push inflation starts with
A) an increase in
Q71: Cost-push inflation might initially result from
A) an
Q72: When a cost-push inflation starts
A) real GDP
Q74: A leftward shift in the aggregate supply
Q75: Cost-push inflation is an inflation that results
Q76: The initial factors that can create a
Q77: An increase in the money wage rate
Q78: At the start of a cost-push inflation,
A)
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