Use the figure below to answer the following question.
Figure 28.1.1
-Refer to Figure 28.1.1.The figure illustrates an economy initially in equilibrium at the intersection of the SAS0 curve and the AD0 curve.Which of the following shifts the short-run aggregate supply curve from SAS0 to SAS1?
A) an increase in the price of oil
B) an increase in the price level
C) an increase in the marginal product of labour
D) an increase in the demand for money
E) a decrease in the money wage rate
Correct Answer:
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