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In the Graph Shown, an Upward Shift in the WAS

Question 57

Multiple Choice

In the graph shown, an upward shift in the WAS curve: In the graph shown, an upward shift in the WAS curve: A) raises domestic consumption, because domestic producers will produce more. B) lowers the trade deficit, because domestic producers are more competitive. C) lowers domestic production, because domestic consumption has fallen. D) raises globalized potential output, because U.S. producers are less competitive.


A) raises domestic consumption, because domestic producers will produce more.
B) lowers the trade deficit, because domestic producers are more competitive.
C) lowers domestic production, because domestic consumption has fallen.
D) raises globalized potential output, because U.S. producers are less competitive.

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