Multiple Choice
Which of the following statements regarding the short-run aggregate supply curve is TRUE?
A) The short-run aggregate supply curve shifts to the left when tax rates on businesses are lowered.
B) The short-run aggregate supply curve shifts to the right when the costs of capital rise.
C) The short-run aggregate supply curve shifts to the left when business expectations become more positive.
D) The short-run aggregate supply curve shifts to the right with a reduction in burdensome regulations.
Correct Answer:
Verified
Correct Answer:
Verified
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