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2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

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Question 9

Which one of the following is most likely to result in a leftward shift of the short-run aggregate supply curve?

An increase in labor productivity

A decrease in business regulation costs

An increase in the price of imported raw materials

A decrease in government spending on infrastructure

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Questions

  1. A Level
  2. /Economics
  3. /2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts