Which of the following will shift the SRAS curve to the right?

A. an increase in the price of oil

B. an increase in the minimum wage

C. an increase in the actual price level

D. an increase in immigration from other countries

Expert Solution

Answer
Option D
an increase in the price of oil which is an inelastic input of all the sectors so the input costs increases and the SRAS curve shifts to left.
an increase in the minimum wage also increases the input costs and shifts the SRAS curve to left.
an increase in the actual prices is an upward movement along the SRAS curve and do not shift the curve.
an increase in immigration increases workers and decreases wages which increase AS and it shifts SRAS to right.

Rahul Sunny answered 2 years ago

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