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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.3
Which of the following is an example of a supply shock that would shift the Short-Run Aggregate Supply (SRAS) curve to the left?
A decrease in oil prices due to increased global supply
A sudden increase in labor productivity
An increase in consumer confidence and spending
An increase in government spending on infrastructure projects
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AP Macroeconomics - 3.3 Short-Run Aggregate Supply (SRAS)
Key terms
Short-Run Aggregate Supply (SRAS) Curve
Supply Shock
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Cram Mode
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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