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The Diagram Below Shows an AD/AS Model for a Hypothetical

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The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A.   FIGURE 24-4 -Refer to Figure 24-4.After the positive aggregate supply shock shown in the diagram,which of the following would shift the AS curve leftward during the economy's adjustment process? A) an increase in factor supplies B) an increase in the unemployment rate C) a decrease in wages and other factor prices D) an increase in labour productivity E) an increase in wages and other factor prices FIGURE 24-4
-Refer to Figure 24-4.After the positive aggregate supply shock shown in the diagram,which of the following would shift the AS curve leftward during the economy's adjustment process?


Definitions:

Seasonal Products

Items whose demand fluctuates according to the time of year, often influenced by seasons or holidays.

Distribution Manager

A professional responsible for overseeing the process of moving goods from production locations to points of sale and distribution.

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the inputs used to produce them, particularly labor hours.

Centralized Inventory

An approach in inventory management where all stock is kept in a single location, simplifying operations and potentially reducing costs.

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