FIGURE 23-2 -Refer to Figure 23-2.Which of the Following Events Could Cause

Multiple Choice

FIGURE 23-2
-Refer to Figure 23-2.Which of the following events could cause the upward shift of the AS curve?

A) improvements in communications technology
B) a decrease in business confidence that reduces desired investment
C) a recession in the U.S.that reduces our net exports
D) a major discovery of new oil reserves that will increase the world supply
E) a massive drought that reduces agricultural output