Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

The diagram illustrates the aggregate supply and aggregate demand curves for an economy. What factor would result in a shift from X to Y?

  • Aa decrease in income tax and in the cost of production
  • Ba decrease in interest rates and increase in the cost of production
  • Can increase in income tax and in the cost of production
  • Dan increase in interest rates and decrease in the cost of production

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