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Exhibit 14-3 Aggregate Supply and Demand Curves

Question 182

Multiple Choice

Exhibit 14-3 Aggregate supply and demand curves

-The shift from AS₁ to AS₂ in Exhibit 14-3 could be caused by a(n) :

A) sudden increase in the price of oil.
B) increase in input prices for most firms.
C) increase in workers' wages.
D) all of the above.

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