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Which of the following events would describe a shift only in Canadas short run agggregate supply curve? An increase in the n
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Answer #1

Answer- Correct option is 'C'

''A decrease in labour union strength leads to a reduction in average wage settlements'', this statement would describe a shift only in Canada's short run aggregate supply curve. A decrease in the wages causes an increase (rightward shift) of the short-run aggregate supply curve because lower wages decrease the overall cost of production.

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