Aggregate supply could increase due to all of the following except:
A) an improvement in technology
B) decrease in the price of resources
C) optimistic producers' expectations
D) increase in government spending
E) none - all of these would cause aggregate supply to increase
Correct Answer:
Verified
Q1: Which of the following is not one
Q2: A reduction in resource prices tends to
Q3: Which of the following statements is true?
A)
Q5: Business cycles are linked to the interaction
Q6: The sum of consumption spending, investment, government
Q7: Household expenditures increase as a result of
A)
Q8: Which of the following would cause cost-push
Q9: Other things equal, an increase in aggregate
Q10: The aggregate demand curve
A) shows total spending
Q11: Other things equal, a decrease in aggregate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents