Multiple Choice
Which of the following statements represents a correct and sequentially accurate economic explanation?
A) Wage rates rise,SRAS rises,and the SRAS curve shifts to the left.
B) The prices of nonlabor inputs rise,SRAS decreases,and the SRAS curve shifts to the right.
C) Labor productivity rises,SRAS increases,and the SRAS curve shifts to the right.
D) An adverse supply shock hits,SRAS decreases,and the SRAS curve shifts to the right.
E) a and c
Correct Answer:
Verified
Correct Answer:
Verified
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