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Which of the Following Causes a Leftward Shift in the Short-Run

Question 167

Multiple Choice

Which of the following causes a leftward shift in the short-run aggregate supply curve?


A) an increase of goods prices while nominal incomes are unchanged
B) an increase in nominal incomes (wages and salaries)
C) an increase of full-employment real GDP
D) an increase of personal consumption expenditures while the price level is unchanged

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