Multiple Choice
Which of the following statements is true?
A) A decrease in wage rates will shift the SRAS curve to the left.
B) An adverse supply shock will shift the SRAS curve to the left.
C) A fall in the prices of nonlabor inputs will shift the SRAS curve to the left.
D) An increase in labor productivity will shift the SRAS curve to the left.
E) c and d
Correct Answer:
Verified
Correct Answer:
Verified
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