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Answer to Question #338174 in Macroeconomics for Yaya
Question #338174
Inflation can be caused by a/an ...... Within the AD-AS model, this will be illustrated by a ......
a.
fall in crude oil price; rightward shift of the AS curve
a. fall in crude oil price; rightward shift of the AS curve
b.
rise in consumption spending; leftward shift of the AD curve
b. rise in consumption spending; leftward shift of the AD curve
c.
decrease in exports earnings; leftward shift of the AD curve
c. decrease in exports earnings; leftward shift of the AD curve
d.
high wage demands by trade unions; leftward shift of the AS curve
Expert's answer
d.
high wage demands by trade unions; leftward shift of the AS curve
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