Which of the following will NOT shift the aggregate supply curve to the left? a decrease in corporate taxes an increase in the minimum wage an increase in the legislated amount of paid vacation an increase in the price of crude oil

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04-04-2020
Business

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Which of the following will NOT shift the aggregate supply curve to the left? a decrease in corporate taxes an increase in the minimum wage an increase in the legislated amount of paid vacation an increase in the price of crude oil

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sholanejo sholanejo · Answer 1 · 2020-04-06T08:34:07+02:00

Answer: a decrease in corporate taxes

Explanation: Aggregate supply refers to the total supply of goods and services available to a particular market from producers. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy.

A decrease in the corporate taxes will not shift aggregate supply to the left because when the supply shifts to the left, the price level increases and the GDP decreases. Therefore, a decrease in corporate taxes cannot make supply shift to the left.