Answered: The aggregate supply shifts to the…

The aggregate supply shifts to the right if: A. supplies of resources increase. B. investment increases. C. wage rates increase. D. consumption increases.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 2CQQ

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Question

The aggregate supply shifts to the right if:

A. supplies of resources increase.

B. investment increases.

C. wage rates increase.

D. consumption increases.

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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