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Answer to Question #137308 in Macroeconomics for Brendon
Question #137308
Suppose the total production declined due to the high cost of labour. This will be illustrated within
the AD-AS framework by a__________.
[1] movement along the AS curve
[2] rightward shift of the AS curve
[3] leftward shift of the AS curve
[4] leftward shift of the AD curve
the AD-AS framework by a__________.
[1] movement along the AS curve
[2] rightward shift of the AS curve
[3] leftward shift of the AS curve
[4] leftward shift of the AD curve
Expert's answer
leftward shift of the AS curve
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