Multiple Choice
-Refer to the graphs in the exhibit.In period 2, which of the following would cause the aggregate supply curve to shift from AS to AS'?
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) an appreciation of the dollar, higher inflation in Europe, or a decrease in resource prices
D) a depreciation of the dollar, higher inflation in Asia, or improved technology
Correct Answer:
Verified
Correct Answer:
Verified
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