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vellojo vellojo
wrote...
Posts: 2982
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7 years ago
"Shoe Industry under Pressure Amid Rising Costs " 
Rising costs have forced about 15 per cent of shoe manufacturers in a major south China industrial centre to shut down or relocate in the past year... [the firms have] identified rising wages as a key factor behind the closures and relocations from Dongguan...The problems in the footwear industry reflect broader issues affecting manufacturers across China's Pearl River Delta..."
www.ft.com, 2/26/2008

Using an AS/AD framework to describe the  events in the story,  there would be a
A) leftward shift in the AD curve.
B) rightward shift in the AD curve.
C) leftward shift in the SAS curve.
D) rightward shift in the SAS curve.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
Read 213 times
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Studying economics @ Edinburgh U
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Answer verified by a subject expert
ukraniaukrania
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Posts: 1046
7 years ago
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More solutions for this book are available here
1
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration

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vellojo Author
wrote...
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
wrote...
7 years ago
Welcome Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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