Multiple Choice
Which one of the following newspaper quotations describes a leftward shift of the LAS curve?
A) "Recent higher wage settlements are expected to cause higher inflation this year."
B) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."
C) "The decrease in consumer spending may lead to a recession."
D) "The recent tornadoes destroyed many factories in Calgary and Edmonton."
E) "Growth has been unusually high the last few years due to more women entering the work force."
Correct Answer:

Verified
Correct Answer:
Verified
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