Question

The SRAS curve is one-half of our AD-SRAS model (where the intersection of the AD and SRAS curves determines P and

Y, and thus inflation, deflation, disinflation, expansions, and recessions). One or more of the following will move one up along the SRAS curve (that is, you move up vertically on the graph that we use for SRAS). Which one or ones?

firms investing more due to lower interest rates

firms investing less due to higher interest rates

firms produce more due to a higher prices for produced goods

firms produce less due to a higher prices for produced goods

firms cut production due to a higher price of oil (which is turned into gasoline for cars, kerosene for airplanes, and diesel for trucks)

firms increase production due to a lower price of oil (which is turned into gasoline for cars, kerosene for airplanes, and diesel for trucks)

prices fall and total spending rises

prices rise and total spending falls

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