Answered: Consider the AS/AD model. What would…

Consider the AS/AD model. What would happen if resources prices fall? O AD shifts right OSRAS shifts left O AD shifts left OSRAS shifts right

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics

Section: Chapter Questions

Problem 1CQ

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Question

Consider the AS/AD model. What would happen if resources prices fall?
O AD shifts right
OSRAS shifts left
O AD shifts left
OSRAS shifts right

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