Multiple Choice
Consider the basic AD/AS model.Suppose that a rising percentage of high-school graduates are illiterate,resulting in a decrease in average labour productivity.This change will
A) shift the AD curve to the left.
B) shift the AD curve to the right.
C) shift the AS curve to the left.
D) shift the AS curve to the right.
E) cause a movement to the right along the AS curve.
Correct Answer:
Verified
Correct Answer:
Verified
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Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 23-3 Refer
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