In order to shift the vertical supply curve to the left, which of the following would have to occur?
A. increase in productivity
B. breakdown of key market institutions
C. expansion of potential GDP
D. flexible wage and price adjustments
Answer:B
In order to shift the vertical supply curve to the left, which of the following would have to occur?
A. increase in productivity B. breakdown of key market institutions C. expansion of potential GDP D. flexible wage and price adjustments
Explanation: Type: Multiple Choice