Suppose There Is an Increase in the Short-Run Aggregate Supply

question 422

Multiple Choice

Suppose there is an increase in the short-run aggregate supply with no change in the long-run aggregate supply. This situation could be the result of

• A) an increase in the price of oil.
• B) a decrease in the money wage rate.
• C) a technological advancement.
• D) an increase in the quantity of capital.

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