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Author Question: An increase in nonlabor input costs will: a. Increase SRAS. b. Decrease SRAS. c. Decrease LRAS. ... (Read 93 times)

mikaylakyoung

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on: Jun 30, 2018
An increase in nonlabor input costs will:
 a. Increase SRAS.
 b. Decrease SRAS.
  c. Decrease LRAS.
  d. Both b. and c.

Question 2

If the equilibrium level of income is solely a function of aggregate supply, then the aggregate supply curve must be in the Keynesian region.
 a. True
  b. False
  Indicate whether the statement is true or false


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pangili4

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


mikaylakyoung

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Reply #2 on: Jun 30, 2018
Correct answers!


pangili4

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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