Figure 7-7 -Refer to Figure 7-7. a Shift from SRAS₁ to SRAS₂

question 160

Multiple Choice

Figure 7-7
-Refer to Figure 7-7. A shift from SRAS₁ to SRAS₂ could have been caused by all of the following except

• A) an increase in the consumer confidence index.
• B) an increase in payroll tax.
• C) a rise in health care costs which raises the cost of employing labor.
• D) terrorist attacks that destroys an economy's infrastructure.

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Accompanying Figure

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Incorrect Demonstration

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Accompanying Figure

An illustrative diagram or chart that is provided to complement or detail the information described in text.