Author Question: A decrease in nominal incomes causes a leftward shift in the short-run aggregate supply curve ... (Read 99 times)

berenicecastro · **on:** Jun 30, 2018

A decrease in nominal incomes causes a leftward shift in the short-run aggregate supply curve (SRAS).
a. True
b. False
Indicate whether the statement is true or false

Question 2

According to the text, Ireland and Israel are classified as less developed countries (LDCs).
a. True
b. False
Indicate whether the statement is true or false