Multiple Choice
Which of the following would shift both the short-run aggregate supply curve and the long-run aggregate supply curve leftward?
A) Decreases in the prices of the factors of production that reflect permanent changes in their supplies
B) Increases in the prices of the factors of production that do not reflect permanent changes in their supplies
C) Decreases in the prices of the factors of production that do not reflect permanent changes in their supplies
D) Increases in the prices of the factors of production that reflect permanent changes in their supplies
E) Decreases in the aggregate price level
Correct Answer:
Verified
Correct Answer:
Verified
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