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Figure 12.1 Aggregate Supply and Aggregate Demand

Question 50

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Figure 12.1 Aggregate Supply and Aggregate Demand
Figure 12.1 Aggregate Supply and Aggregate Demand -Refer to Figure 12.1. The shift from AS<sub>0</sub> to AS<sub>1</sub> could have been caused by A) increased stock prices that cause households to spend less and save more B) increased unionization of workers that raises average wages C) a recession in trading-partner countries, causing them to import less D) busineeses cut their spending for new equipment during a recession
-Refer to Figure 12.1. The shift from AS0 to AS1 could have been caused by


A) increased stock prices that cause households to spend less and save more
B) increased unionization of workers that raises average wages
C) a recession in trading-partner countries, causing them to import less
D) busineeses cut their spending for new equipment during a recession

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