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-The Data in the Above Table Show That When the |

Question 264

Multiple Choice

 Price  level  A ggregate  demand  (trillions of  2005 dollars)   Short-run  aggregate  supply  (trillions of  2005 dollars)   Long-run  aggregate  supply  (trillions of  2005 dollars)  140487130577120667110757100847\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 4 & 8 & 7 \\\hline 130 & 5 & 7 & 7 \\\hline 120 & 6 & 6 & 7 \\\hline 110 & 7 & 5 & 7 \\\hline 100 & 8 & 4 & 7 \\\hline\end{array}
-The data in the above table show that when the price level is 120, if aggregate demand does not change then the


A) long-run aggregate supply curve will shift rightward.
B) long-run aggregate supply curve will shift leftward.
C) short-run aggregate supply curve will shift rightward.
D) short-run aggregate supply curve will shift leftward.

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