A shift in short-run aggregate supply from SRAS2 to SRAS1 could have been the result of

A. a decrease in the price level.
B. an increase in the price level.
C. an increase in wage rates.
D. a decrease in wage rates.


Answer: C. an increase in wage rates.

Economics

You might also like to view...

On Friday May 3, 2013, the headlines in the list appeared in The Wall Street Journal. Classify each headline as a signal that the news article is about a microeconomic topic or a macroeconomic topic. Explain your answers

What will be an ideal response?

Economics

A rise in the real interest rate will cause which of the components of aggregate demand to decline?

A) Only C B) Only C and I C) Only C, I, and NX D) C, I, G, and NX

Economics

What industry was the main economic impetus behind antebellum migration to the West Coast?

a. Fishing. b. Cattle. c. Fruit. d. Mining.

Economics

The JapaneseĀ keiretsuĀ is an example of a(n) ________.

A. Mform of organization B. Uform of organization C. mixed design D. network organization

Economics