Which of the following causes a rightward shift of the short-run aggregate supply (SRAS) curve?
A) an increase in the wage rate
B) an increase in firms' production without adding inputs
C) a reduction in the price of a raw material
D) an increase in the overall price level
Correct Answer:
Verified
Q250: The short-run aggregate supply curve would shift
Q251: Q252: A short-lived increase in oil prices caused Q253: A reduction in nominal wages will cause Q254: A major hurricane causes production problems in Q256: A permanent reduction in international trade barriers Q257: Refer to the above figure. Assume that Q258: Compare the effects of an increase in Q259: Suppose the economy in the diagram below Q260: Both the long-run and short-run aggregate supply
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