Other Things Being Equal,which of the Following Situations Will Cause

question 68

Multiple Choice

Other things being equal,which of the following situations will cause unit costs to rise and the AS curve to shift upward?

• A)There is a fall in the price of oil.
• B)The government reduces payroll taxes.
• C)Wage increases exceed productivity increases.
• D)Wages increase at the same rate that labour productivity increases.
• E)Wage and price controls are in effect.

---

Definitions:

Smartphone

A handheld device that combines a computer, a mobile phone, and other functionalities like internet browsing and application usage.

Narrowcasting

The dissemination of information to a niche audience, as opposed to broadcasting to a wide audience.

Regional Music Festival

An event that features live musical performances, typically focusing on a specific genre or themes, and aimed at attracting attendees from a particular geographic region.

Outdoor Advertising

Advertising that reaches consumers while they are outside their homes, such as billboards, transit posters, and digital outdoor displays.