Shifts in the short-run aggregate supply curve are caused by
A) supply shocks.
B) menu costs.
C) money illusion.
D) changes in labor productivity.
E) changes in spending.
Correct Answer:
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Q70: A supply shock is defined as
A) a
Q71: If the price level rises by 10
Q72: When inflation pushes up prices in the
Q73: Increases in productivity will
A) cause the price
Q74: An economy has experienced a rightward shift
Q76: Menu costs help to explain
A) the negative
Q77: New computer technologies can be expected to
A)
Q78: Which of the following would cause an
Q79: The slope of the short-run aggregate supply
Q80: When an economy has a more stable
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