| Question | 5. In the figure, the economy is currently at short-run aggregate supply curve SRAS0. Which short run aggregate supply curve best describes each of the following? 5 points SRAS2 SRASSRAS 02 a1 Aggregate Output (0) a. Oil suppliers are disrupted, leading to a rise in the price of gasoline b. Improvements in computer technology lead to productivity gains. c. The corporate tax rate is cut d. The federal government creates a 200-page questionnaire that all businesses ust fill out every year e. An aluminum cartel is formed that doubles the world price of aluminum f. Union membership doubles and hard bargaining results in a 25% increase in nion wages g. Inexpensive solar cells are developed that permit most retail firms to produce eir total electrical needs on their rooftops. h. The federal government raises the minimum wage. i Unions think that the inflation rate will rise substantially j. The federal government institutes a business investment tax credit for purchases Aggregate Price L |
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| Subject | economy |
