Exhibit 5.4 -Refer to Exhibit 5.4, Which Shows the Aggregate Demand and the Aggregate

Multiple Choice

Exhibit 5.4

-Refer to Exhibit 5.4, which shows the aggregate demand and supply curves for the United States. A rightward shift of the aggregate supply curve from AS to AS' is likely to be caused by _____

A) an increase in resource prices, improved technology, or an extension of patent protection.
B) a decrease in resource prices, improved technology, or an extension of patent protection.
C) a decrease in resource prices, improved technology, or a shortening of patent protection.
D) an appreciation of the dollar, higher inflation in Europe, or a decrease in resource prices.
E) a depreciation of the dollar, higher inflation in Asia, or improved technology.