Solved

(Figure: Determining SRAS Shifts 2) Consider the Shift in Aggregate

Question 34

Multiple Choice

(Figure: Determining SRAS Shifts 2) (Figure: Determining SRAS Shifts 2) Consider the shift in aggregate supply shown in the accompanying figure. Which of these might cause this change in short-run aggregate supply? A) Unions successfully negotiate higher wages. B) Businesses are increasingly optimistic about the future. C) Incomes of consumers decrease. D) Taxes on businesses increase. Consider the shift in aggregate supply shown in the accompanying figure. Which of these might cause this change in short-run aggregate supply?


A) Unions successfully negotiate higher wages.
B) Businesses are increasingly optimistic about the future.
C) Incomes of consumers decrease.
D) Taxes on businesses increase.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q29: If the economy shown in the figure

Q30: If the money supply is fixed and

Q31: Which effect tends to make aggregate demand

Q32: The aggregate supply curve shows that the

Q33: (Figure: Predicting Aggregate Demand Shifts) Which of

Q35: Which is NOT consistent with the level

Q36: Knowing the marginal propensity to consume makes

Q37: Suppose the economy is at full employment,

Q38: Hypothetically speaking, if the Organization of the

Q39: A change in _ will cause a