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. Advances in artificial intelligence that reduce costs in all service industries. Advances in artificial intelligence that reduce costs in all service industries would A. shift the AS curve upward and to the left. OB. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. OD. shift the AS curve downward and to the right. OE. not cause any movement along the AS curve and not shift the AS curve. e. A decrease in business confidence that reduces firms' desired investment. A decrease in business confidence that reduces firms' desired investment would O A. cause a movement upward and to the right along the AS curve. OB. cause a movement downward and to the left along the AS curve. OC. shift the AS curve downward and to right. OD. shift the AS curve upward and to the left. O E. not cause any movement along the AS curve and not shift the AS curve.

. Advances in artificial intelligence that reduce costs in all service industries. Advances in artificial intelligence that reduce costs in all service industries would A. shift the AS curve upward and to the left. OB. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. OD. shift the AS curve downward and to the right. OE. not cause any movement along the AS curve and not shift the AS curve. e. A decrease in business confidence that reduces firms' desired investment. A decrease in business confidence that reduces firms' desired investment would O A. cause a movement upward and to the right along the AS curve. OB. cause a movement downward and to the left along the AS curve. OC. shift the AS curve downward and to right. OD. shift the AS curve upward and to the left. O E. not cause any movement along the AS curve and not shift the AS curve.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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a. A significant and binding increase in the minimum wage. A significant and binding increase in the minimum wage would OA. shift the AS curve upward and to the left. OB. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. OD. shift the AS curve downward and to the right. O E. not cause any movement along the AS curve and would not shift the AS curve. b. A decrease in labour productivity and no change in wages. A decrease in labour productivity and no change in wages would O A. cause a movement downward and to the left along the AS curve. OB. shift the AS curve downward and to the right. OC. cause a movement upward and to the right along the AS curve. D. shift the AS curve upward and to the left. OE. not cause any movement along the AS curve and would not shift the AS curve. c. A decrease in demand for Canada's exports. A decrease in demand for Canada's exports would A. cause a movement downward and to the left along the AS curve. OB. shift the AS curve downward and to right. C. shift the AS curve upward and to the left. OD. cause a movement upward and to the right along the AS curve. O E. not cause any movement along the AS curve and not shift the AS curve.
Transcribed Image Text:a. A significant and binding increase in the minimum wage. A significant and binding increase in the minimum wage would OA. shift the AS curve upward and to the left. OB. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. OD. shift the AS curve downward and to the right. O E. not cause any movement along the AS curve and would not shift the AS curve. b. A decrease in labour productivity and no change in wages. A decrease in labour productivity and no change in wages would O A. cause a movement downward and to the left along the AS curve. OB. shift the AS curve downward and to the right. OC. cause a movement upward and to the right along the AS curve. D. shift the AS curve upward and to the left. OE. not cause any movement along the AS curve and would not shift the AS curve. c. A decrease in demand for Canada's exports. A decrease in demand for Canada's exports would A. cause a movement downward and to the left along the AS curve. OB. shift the AS curve downward and to right. C. shift the AS curve upward and to the left. OD. cause a movement upward and to the right along the AS curve. O E. not cause any movement along the AS curve and not shift the AS curve.
d. Advances in artificial intelligence that reduce costs in all service industries. Advances in artificial intelligence that reduce costs in all service industries would OA. shift the AS curve upward and to the left. B. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. D. shift the AS curve downward and to the right. OE. not cause any movement along the AS curve and not shift the AS curve. e. A decrease in business confidence that reduces firms' desired investment. A decrease in business confidence that reduces firms' desired investment would O A. cause a movement upward and to the right along the AS curve. OB. cause a movement downward and to the left along the AS curve. OC. shift the AS curve downward and to right. OD. shift the AS curve upward and to the left. O E. not cause any movement along the AS curve and not shift the AS curve.
Transcribed Image Text:d. Advances in artificial intelligence that reduce costs in all service industries. Advances in artificial intelligence that reduce costs in all service industries would OA. shift the AS curve upward and to the left. B. cause a movement downward and to the left along the AS curve. OC. cause a movement upward and to the right along the AS curve. D. shift the AS curve downward and to the right. OE. not cause any movement along the AS curve and not shift the AS curve. e. A decrease in business confidence that reduces firms' desired investment. A decrease in business confidence that reduces firms' desired investment would O A. cause a movement upward and to the right along the AS curve. OB. cause a movement downward and to the left along the AS curve. OC. shift the AS curve downward and to right. OD. shift the AS curve upward and to the left. O E. not cause any movement along the AS curve and not shift the AS curve.
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