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-In the Above Figure, the Short- Run Aggregate Supply Curve

Question 278

Multiple Choice

-In the above figure, the short- run aggregate supply curve is SAS<sub>1</sub>. Suppose that the price level in the economy increases. As a result there is A) a shift to SAS<sub>0</sub>. B) a downward movement along SAS<sub>1</sub>. C) an upward movement along SAS<sub>1</sub>. D) a shift to SAS<sub>2</sub>.
-In the above figure, the short- run aggregate supply curve is SAS1. Suppose that the price level in the economy increases. As a result there is


A) a shift to SAS0.
B) a downward movement along SAS1.
C) an upward movement along SAS1.
D) a shift to SAS2.

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