Multiple Choice
Which of the following is implied by a rightward shift in the economy's AS curve?
A) At any given price level,a lower level of output will be supplied.
B) At any given price level,a higher level of output will be supplied.
C) There is a decrease in aggregate supply.
D) There is a demand shock.
E) The same output will be produced,but only at a higher price level.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: Which of the following will cause a
Q82: Other things being equal,what is the effect
Q83: Consider the following news headline: "World commodity
Q84: Consider the basic AD/AS model with an
Q85: Consider the basic AD/AS model.A rise in
Q87: Aggregate supply refers to the<br>A)decisions of firms
Q88: Consider the nature of macroeconomic equilibrium.If,at a
Q89: Consider a simple macro model with a
Q90: Which of the following could cause a
Q91: Suppose the government embarks on an infrastructure