Use the following graph to answer the next question.
Which of the following factors will shift AS1 to AS3?
A. A decrease in household indebtedness
B. An increase in productivity
C. A decrease in business taxes
D. An increase in input prices
Answer: D
Economics
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The cost of stimulating the economy in the 1970s was:
A. high inflation and low unemployment for most of the 1980s. B. a severe recession with high unemployment in the 1980s. C. high inflation and high unemployment for most of the 1980s. D. a mild recession with modest unemployment in the 1980s.
Economics
An increase in the price level causes a movement down the aggregate demand curve
Indicate whether the statement is true or false
Economics