The diagram shows short-run aggregate supply and demand in an economy, where the initial equilibrium is at S.
What is most likely to cause a movement from S to T?
1 )
an increase in consumer expenditure and an increase in productivity
an increase in consumer expenditure and a reduction in imports
3 )
an increase in education and training and an increase in income tax
4 )
an increase in the exchange rate and a reduction in corporation tax
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