Question

Which one of the following event describes a movement along LAS curve? 0 A. The recent tornadoes destroyed many factories in Calgary and Edmonton. O B. An increase in welfare payment from the government is expected to lead to ination, without any increase in real GDP. 0 C. Higher oil price will bring the price level up. 0 D. A decrease in investment due to lower prot expectation may lead to a recession. 0 E. None of the above