Other Things Being Equal, the AS Curve Will Shift Downward

question 81

Multiple Choice

Other things being equal, the AS curve will shift downward if there is:

• A)a decrease in labour productivity.
• B)a decrease in the price level.
• C)a decrease in the cost of capital inputs.
• D)an increase in the wage rate.
• E)an increase in the price level.

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Definitions:

Country A

A placeholder name often used to denote a hypothetical or undisclosed nation in discussions or examples.

Australian Dollars

The recognized monetary unit of Australia, denoted by the abbreviation AUD.

Global Concerns

Issues that affect the international community, encompassing a wide range of topics including environmental, political, economic, and social issues.

U.S. Dollars

The official currency of the United States, also widely used as a standard monetary unit for international transactions.