stayblazing1759 stayblazing1759

14-04-2020
Business

contestada

Which of the following could decrease equilibrium Real GDP and increase the price level? Select one: a. An increase in the value of the Canadian dollar, all else equal b. An increase in productivity. c. Businesses expect lower profits in the future. d. Firms experience an increase in wages

Respuesta :

alizaybhatti43 alizaybhatti43

16-04-2020

Answer:

The correct option is D.

Firms experience an increase in wages

Explanation:

When firms experience an increase in wages, cost of production increases so supply shifts to the left.

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