Refer to the above graph. Which factor will shift AS1 to AS2?
A) A rise in national income abroad.
B) An increase in government spending.
C) A reduction in business taxes.
D) A decline in consumer confidence.
Correct Answer:
Verified
Q17: The following list contains factors that are
Q18: The following list contains factors that are
Q19: An aggregate supply curve shows the:
A) level
Q20: A fall in prices of imported resources
Q21: If the prices of imported resources decrease,
Q23: In an economy it costs $1500 to
Q24: If the prices of imported resources decrease,
Q25: If Congress raised taxes on businesses, this
Q26: A rise in prices of imported resources
Q27: The following list contains items that are
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