Multiple Choice
Which one of the following newspaper quotations describes a leftward shift of the LAS curve?
A) "The decrease in consumer spending may lead to a recession."
B) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."
C) "Recent higher wage settlements are expected to cause higher inflation this year."
D) "Growth has been unusually high the last few years due to more women entering the work force."
E) "The recent tornadoes destroyed many factories in Calgary and Edmonton."
Correct Answer:

Verified
Correct Answer:
Verified
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