Multiple Choice
Which of the following statements best illustrates a correct shift of the short run aggregate supply curve?
A) The short-run aggregate supply curve is shifted rightward by an increase in the price of any input, and it is shifted leftward by a decrease.
B) The short-run aggregate supply curve is shifted rightward by a technological breakthrough that increases the productivity of the labour force.
C) The short-run aggregate supply curve is shifted leftward by a decrease in the price of any input, and it is shifted rightward by an increase.
D) The short-run aggregate supply curve is shifted leftward by an increase of skilled workers in the labour force.
Correct Answer:
Verified
Correct Answer:
Verified
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