Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, and 15, respectively. The marginal utility of the second unit consumed is:

Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?

A) a reduction in the price of a raw material B) technological progress C) a change in the wage rate D) a change in the price level

Refer to Figure 24-2. Ceteris paribus, a decrease in the expected future price level would be represented by a movement from

A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.