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2.3 Aggregate supply (AS)

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Question 8

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

An increase in the world price of imported raw materials

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

A rise in national labor productivity

An increase in government spending on infrastructure projects

2.3 Aggregate supply (AS) Questions

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