Multiple Choice
Figure 13-2
-Refer to Figure 13-2.Ceteris paribus,a decrease in the expected price of an important natural resource would be represented by a movement from
A) SRAS1 to SRAS2.
B) SRAS2 to SRAS1.
C) point A to point B.
D) point B to point A.
Correct Answer:
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A)firms often cut nominal