Which one of the following newspaper quotations describes a movement along an SAS curve?
A) "The decrease in consumer spending may lead to a recession."
B) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."
C) "Recent higher wage settlements are expected to cause higher inflation this year."
D) "Growth has been unusually high the last few years due to more women entering the labour force."
E) "The recent tornadoes destroyed many factories in Calgary and Edmonton."
Correct Answer:
Verified
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