Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

The diagram illustrates short-run aggregate supply and demand in an economy, with the initial equilibrium located at S. What is most likely to bring about a movement from S to T?

  • Aan increase in consumer expenditure and an increase in productivity
  • Ban increase in consumer expenditure and a reduction in imports
  • Can increase in education and training and an increase in income tax
  • Dan increase in the exchange rate and a reduction in corporation tax

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