-An upward shift in short-run aggregate supply curve,from SRAS1 to SRAS2,shown in the diagram may be caused by an increase in the price of
A) oil and labour only.
B) oil and capital only.
C) oil,labour,and capital only.
D) labour,capital and of an input that is widely used in production only.
E) oil,labour,capital and an input that is widely used in production.
Correct Answer:
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Q1: The leftward shift in the LRAS curve
Q2: The aggregate demand curve shows the amount
Q3: Potential output for the current period is
Q5: Potential output refers to the amount of
Q6: Because decreases in the price level increase
Q7: The aggregate demand curve shows the relationship
Q8: When all prices rise in equal proportion,including
Q9: The level of a country's potential output
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