Multiple Choice
Figure 16-7 
-Refer to Figure 16-7. Over time, the aggregate supply curve shifts from SRAS1 to SRAS2 Jbecause of
A) rising output prices.
B) economic agents adjust their expectations regarding prices and wages downwards.
C) a fall in nominal wages.
D) economic agents adjust their expectations regarding prices and wages upwards.
Correct Answer:
Verified
Correct Answer:
Verified
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