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Which of the following would cause short-run aggregate supply to shift to the left? 1) Increase in subsidies for most firms. 2) Decrease in wage
Which of the following would cause short-run aggregate supply to shift to the left?
1) Increase in subsidies for most firms.
2) Decrease in wage rates throughout the whole economy.
3) New regulations and strict enforcement of current regulations by OSHA dealing with workplace safety conditions.
4) Increases in technology levels that cause structural changes in employment.
5) Increase in the level of human capital because of greater access to higher education.
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