Which of the following newspaper quotations describes a leftward shift of the LAS curve?

Question

Which of the following newspaper quotations describes a leftward shift of the  LAS  curve?

Answer

"The decrease in consumer spending might lead to a recession."

Answer

"The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."

Answer

"Recent higher wage settlements are expected to cause higher inflation this year."

Answer

"Growth has been unusually high the last few years due to more women entering the work force."

Answer

"The recent tornadoes destroyed many factories in Calgary and Edmonton."

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