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2.3 Aggregate supply (AS)

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Question 5

Which one of the following is the most likely effect of a sustained increase in national labour productivity?

A decrease in unit labour costs

An increase in cost-push inflation

A reduction in international competitiveness

A contraction in long-run aggregate supply

2.3 Aggregate supply (AS) Questions

  1. A Level
  2. /Economics
  3. /2.3 Aggregate supply (AS)