Which of the following would cause the short-run aggregate supply curve to shift to the left?
A) an increase in the price level
B) an increase in inflation expectations
C) a technological advance
D) a decrease in interest rates
Answer: B
Economics
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Exit from a perfectly competitive industry causes the market supply curve to shift to the left, resulting in a lower quantity of output and a higher price
a. True b. False Indicate whether the statement is true or false
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"Left" gloves and "right" gloves provide a good example of
a. perfect substitutes. b. perfect complements. c. negatively sloped indifference curves. d. positively sloped indifference curves.
Economics