Which of the following changes shifts the SRAS curve down?
A) An increase in the labor force
B) An increase in the money supply
C) A decrease in government purchases
D) A decrease in firms' costs
D
Economics
You might also like to view...
Temporary tax cuts would cause
A) the AA-curve to shift left. B) the AA-curve to shift right. C) the DD-curve to shift left. D) the DD-curve to shift right. E) a shift in the AA-curve, although the direction is ambiguous.
Economics
Answer the following statement(s) true (T) or false (F)
1. Near monopolists can be innovators. 2. The Sherman Antitrust Act encouraged price fixing. 3. The Clayton Act outlawed predatory pricing. 4. Price discrimination requires significant market power.. 5. College financial aid is a form of price discrimination.
Economics