Multiple Choice
The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-4 Refer to Figure 24-4.After the positive aggregate supply shock shown in the diagram,which of the following would shift the AS curve leftward during the economy's adjustment process?
A) an increase in factor supplies
B) an increase in the unemployment rate
C) a decrease in wages and other factor prices
D) an increase in labour productivity
E) an increase in wages and other factor prices
Correct Answer:

Verified
Correct Answer:
Verified
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