Multiple Choice
Other things being equal,which of the following situations will cause unit costs to rise and the AS curve to shift upward?
A) There is a fall in the price of oil.
B) The government reduces payroll taxes.
C) Wage increases exceed productivity increases.
D) Wages increase at the same rate that labour productivity increases.
E) Wage and price controls are in effect.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: The three figures below show the phases
Q64: Consider the AD/AS model below with a
Q65: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 29-2 Refer
Q66: Consider the AD/AS model with a constant
Q67: Consider an economy without any supply shocks.If
Q69: Suppose we know the following information about
Q70: A leftward shift in the AD curve
Q71: The three figures below show the phases
Q72: "Supply inflation" refers to<br>A)inflation arising from a
Q73: The act of "monetary validation" by a