Author Question: Other things remaining the same, a left shift in the supply curve will lead to: A) a decrease in ... (Read 45 times)

Beheh · **on:** Jun 29, 2018

Other things remaining the same, a left shift in the supply curve will lead to:

A) a decrease in the equilibrium price and the equilibrium quantity.
B) an increase in the equilibrium price and the equilibrium quantity.
C) a decrease in the equilibrium price and an increase in the equilibrium quantity.
D) an increase in the equilibrium price and a decrease in the equilibrium quantity.

Question 2

In a demand-pull inflation, money wage rates rise because

A) a decrease in aggregate demand creates a labor shortage.
B) an increase in aggregate demand creates a labor surplus.
C) an increase in aggregate demand creates a labor shortage.
D) a decrease in aggregate demand creates a labor surplus.
E) an increase in aggregate supply creates a labor shortage.