Multiple Choice
-An upward shift in short-run aggregate supply curve,from SRAS1 to SRAS2,shown in the diagram may be caused by an increase in the price of
A) oil and labour only.
B) oil and capital only.
C) oil,labour,and capital only.
D) labour,capital and of an input that is widely used in production only.
E) oil,labour,capital and an input that is widely used in production.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: A rightward shift in the LRAS curve
Q68: The aggregate demand curve shows that as
Q69: The AD-AS model combines<br>A) a short-run AS
Q70: Stagflation arises in the context of the
Q71: One explanation for the inverse relationship between
Q73: An economy characterized by the AD equation
Q74: Potential output refers to the amount of
Q75: Some European countries such as Ireland have
Q76: According to the AD-AS model,the economy depicted
Q77: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -The leftward shift