Prie ee AD AD Heal GDP FIGURE 23-4 Refer to Figure 23-4. Suppose the Canadian economy is initially in equilibrium at point A. An unexpected shock then shifts both the AD and the AS curves as shown and results in a now equilibrium represented by point B. Which of the following events could cause such a shock? Select one: O A. a decrease in the worlid price of oil O B. an increase in the net tax rate O C. an increase in factor prices O D. a decrease in firms' desired investment expenditures our productivity

Prie ee AD AD Heal GDP FIGURE 23-4 Refer to Figure 23-4. Suppose the Canadian economy is initially in equilibrium at point A. An unexpected shock then shifts both the AD and the AS curves as shown and results in a now equilibrium represented by point B. Which of the following events could cause such a shock? Select one: O A. a decrease in the worlid price of oil O B. an increase in the net tax rate O C. an increase in factor prices O D. a decrease in firms' desired investment expenditures our productivity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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