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In which direction would the price of gasoline increases

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In which direction would each of the following changes in conditions cause the aggregate supply curve to shift?

1. The price of gasoline increases because of a catastrophic oil spill.

2. Labor unions and all other workers agree to a cut in wages to stimulate the economy.

3. Power companies switch to solar power, and the price of electricity falls.

4. The federal government increases the excise tax on gasoline in order to finance a deficit.

Reference no: EM13866348

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