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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 11

Which one of the following is most likely to shift the short-run aggregate supply curve to the left?

A rise in the world price of crude oil

An increase in business investment

A reduction in the rate of value added tax (VAT)

An appreciation in the external value of the domestic currency

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