Multiple Choice
Which one of the following will decrease aggregate supply, thereby shifting the curve left?
A) Nominal wages decrease as a result of an increased labor supply.
B) The productivity of workers decreases as a result of an epidemic.
C) A new government policy decreases business taxes.
D) The price of oil, which is a major input into most production activities, decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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