(Figure: Determining SRAS Shifts 2) Consider the shift in aggregate supply shown in the accompanying figure. Which of these might cause this change in short-run aggregate supply?
A) Unions successfully negotiate higher wages.
B) Businesses are increasingly optimistic about the future.
C) Incomes of consumers decrease.
D) Taxes on businesses increase.

Question

(Figure: Determining SRAS Shifts 2)  Consider the shift in aggregate supply shown in the accompanying figure. Which of these might cause this change in short-run aggregate supply?
A) Unions successfully negotiate higher wages. 
B) Businesses are increasingly optimistic about the future. 
C) Incomes of consumers decrease. 
D) Taxes on businesses increase.

Quizplus · Accepted Answer

The Answer of (Figure: Determining SRAS Shifts 2)  Consider the shift in aggregate supply shown in the accompanying figure. Which of these might cause this change in short-run aggregate supply?
A) Unions successfully negotiate higher wages. 
B) Businesses are increasingly optimistic about the future. 
C) Incomes of consumers decrease. 
D) Taxes on businesses increase.

(Figure: Determining SRAS Shifts 2) Consider the Shift in Aggregate