The economy's AS curve will shift upward in the short run if there is: A. a decrease in the price level. B. a decrease in labour productivity. C. a decrease in the cost of capital. O D. an improvement in technology. E. a decrease in the wage rate. ....

The economy's AS curve will shift upward in the short run if there is: A. a decrease in the price level. B. a decrease in labour productivity. C. a decrease in the cost of capital. O D. an improvement in technology. E. a decrease in the wage rate. ....

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The economy's AS curve will shift upward in the short run if there is:
A. a decrease in the price level.
B. a decrease in labour productivity.
C. a decrease in the cost of capital.
D. an improvement in technology.
E. a decrease in the wage rate.

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