What will decrease SRAS?
a. improvements in technology
b. increases in the capital shock
c. decreases in consumer confidence
d. increases in wages
Ans: d. increases in wages
Economics
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If a tax is levied on the sellers of a product, then the supply curve will
A. shift up. B. become flatter. C. shift down. D. not shift.
Economics
A monopoly that sells every unit of its output at the same price is a ________
A) unit-price monopoly B) legal monopoly C) natural monopoly D) single-price monopoly
Economics