The Following Is a List of Economic Events

question 17

Multiple Choice

The following is a list of economic events:
1.A big cut in the price of imported oil.
2.An increase in the money supply.
3.An increase in labour productivity.
4.A decline in the GDP of the USA
5.A big rise in nominal wages.
-Refer to the information above to answer this question.Which of the listed economic events will cause an increase in both the aggregate supply and in the LAS curve?

• A)1 only
• B)2 only
• C)3 only
• D)5 only

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Definitions:

DDT

Dichlorodiphenyltrichloroethane, a synthetic pesticide known for its efficacy and environmental persistence, now banned in many countries due to its ecological impact.

Proteasome Inhibitor

A type of drug that blocks the proteasome, a complex that degrades unwanted proteins within cells, used in cancer therapy.

Vicinal

describes atoms or functional groups located on adjacent carbon atoms within a molecule.

Aryl

A functional group or substituent derived from an aromatic ring, such as phenyl or naphthyl.