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Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 24

9708Aggregate Demand and Aggregate Supply analysis

What is a certain outcome on an aggregate demand and aggregate supply diagram of an increase in factor productivity?

  1. Adownward shift of the aggregate demand curve
  2. Bdownward shift of the aggregate supply curve
  3. Can upward shift of the aggregate demand curve
  4. Dan upward shift of the aggregate supply curve

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Correct answer: B. downward shift of the aggregate supply curve

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