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AD AS, AS, 120 100 E1 80 Price level (CPI) 60 40 PAD 20 2 3 5 Real GDP (billions of dollars per year) Refer

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AD AS, AS, 120 100 E1 80 Price level (CPI) 60 40 PAD 20 2 3 5 Real GDP (billions of dollars per year) Refer to the graph. If the Aggregate supply curve shifts from AS2 to AS1, which of the following determinants will be responsible for that? Increase in nominal wage rate (price of labor resources) Decrease in productivity and technology Increase in business taxes. All answer options are correct

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