In the following figure, which part is representative of each of the following: a A decrease in wage rates b An increase in the price level c A beneficial supply shock d An increase in the price of...

In the following figure, which part is representative of

each of the following:

a A decrease in wage rates

b An increase in the price level

c A beneficial supply shock

d An increase in the price of nonlabor inputs

In the following figure, which of the points is representative of each of the following:

a The lowest Real GDP

b The highest Real GDP

c A decrease in SRAS that is greater than an

increase in AD