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A Decrease in the Price of a Nonlabor Input Such

Question 200

Multiple Choice

A decrease in the price of a nonlabor input such as electricity will cause


A) a movement down the SRAS curve.
B) a movement up the SRAS curve.
C) a leftward shift in the SRAS curve.
D) a rightward shift in the SRAS curve.
E) no change regarding the SRAS curve.

Correct Answer:

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