20 If the labor unions lose memberships and become less

Last updated: 12/6/2023

20 If the labor unions lose memberships and become less popular then A production costs will increase SRAS will shift to the left decreasing equilibrium GDP and increasing the aggregate price level B production costs will fall there will be a downward movement along SRAS equilibrium GDP will increase and aggregate price level will fall C production costs will not change AD will shift to the right increasing equilibrium GDP and aggregate price level D production costs will fall SRAS will shift to the right increasing equilibrium GDP and lowering the aggregate price level