Q 14

An upward shift in short-run aggregate supply curve,from SRAS1 to SRAS2,shown in the diagram may be caused by an increase in the price of A) oil and labour only. B) oil and capital only. C) oil,labour,and capital only. D) labour,capital and of an input that is widely used in production only. E) oil,labour,capital and an input that is widely used in production.

Multiple Choice