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Refer to the Diagram Given Below

Question 16

Multiple Choice

Refer to the diagram given below. Refer to the diagram given below. Cost-push inflation can be illustrated by a: A) shift of the aggregate supply curve from AS<sub>1</sub> to AS<sub>2</sub>. B) shift of the aggregate supply curve from AS<sub>1</sub> to AS<sub>3</sub>. C) shift of the aggregate supply curve from AS<sub>2</sub> to AS<sub>3</sub>. D) movement along the aggregate demand curve from e<sub>1</sub> to e<sub>3</sub>. Cost-push inflation can be illustrated by a:


A) shift of the aggregate supply curve from AS1 to AS2.
B) shift of the aggregate supply curve from AS1 to AS3.
C) shift of the aggregate supply curve from AS2 to AS3.
D) movement along the aggregate demand curve from e1 to e3.

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