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Economics
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21 Oct 2020

Which of the following would cause the SRAS to shift to the right?

    1. Increase in consumption

    2. Decrease in investment

    3. Decrease in nominal wages 

    4. Increase in oil prices

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Macroeconomics
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Aggregate Supply
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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Related questions

Which of the following would cause the SRAS to shift to the left?

    1. Increase in consumption

    2. Decrease in investment

    3. Increase in interest rate 

    4. Increase in oil prices

Which of the following would cause neither the LRAS nor SRAS to shift?

    1. Decrease in nominal wages

    2. Stronger unionization of labor force

    3. Increased productivity of labor and capital

    4. Decrease in investment

  1. Which of the following would not cause neither the LRAS or SRAS to shift?

    1. A decrease in investment will not shift the SRAS curve nor the LRAS curve, since these curves are affected only by supply shocks which are usually connected on input prices. Rather, a decrease in investment would shift the aggregate demand curve.

    1. Decrease in nominal wages

    2. Stronger unionization of labor force

    3. Increased productivity of labor and capital

    4. Decrease in investment

What is the effect of a decrease in oil prices on SRAS and real GDP?

    1. Increase in SRAS; increase in real GDP

    2. Increase in SRAS; decrease in real GDP

    3. Decrease in SRAS; increase in real GDP

    4. Decrease in SRAS; decrease in real GDP

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