Which of the following would be most likely to cause the short-run aggregate supply curve to shift left?
A) A reduction in oil prices due to increased drilling.
B) A decrease in investor confidence.
C) A rise in government spending.
D) A spike in food prices due to a drought.
Ans: D) A spike in food prices due to a drought.
Economics
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If an industry introduces a labor-saving technology in production, the demand curve for labor in that industry is likely to:
A) shift to the left. B) shift to the right. C) become vertical. D) become horizontal.
Economics
For the period we are studying (1789–1860), the United States
(a) was a high tariff, protectionist nation. (b) derived the vast majority of federal revenues from the tariff. (c) was divided on the question of the tariff, with the South generally in opposition to it. (d) was characterized by all of the above.
Economics