Which of the following would cause the aggregate supply curve to increase... A) Energy prices such as gas and electricity have increased rapidly throughout the country. B) The government has reduced its spending by more than 10% over the last 2 years C) Consumers are more confident and spending more than before. D) Throughout the economy, workers are using better equipment and output per hour is rising.
Which of the following would cause the aggregate supply curve to increase... A) Energy prices such as gas and electricity have increased rapidly throughout the country. B) The government has reduced its spending by more than 10% over the last 2 years C) Consumers are more confident and spending more than before. D) Throughout the economy, workers are using better equipment and output per hour is rising.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 48CTQ: If households decide to save a larger portion of their income, what effect would this have on the...
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Which of the following would cause the
A) Energy prices such as gas and electricity have increased rapidly throughout the country.
B) The government has reduced its spending by more than 10% over the last 2 years
C) Consumers are more confident and spending more than before.
D) Throughout the economy, workers are using better equipment and output per hour is rising.
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