Answer to Question #242941 in Macroeconomics for Mercy

Question

Which of the following will cause a shift in the short run aggregate supply curve?

(i) An increase in the full employment quantity of labour.
(ii) An increase in GDP.
(iii) A decrease in money wage.
(iv) A change in personal income.

Group of answer choices

Only i, ii and iii.

i, ii, iii and iv.

Only i and iii.

Only ii and iv.

Answer 1

Only i, ii and iii