Multiple Choice
Refer to the diagram given below. When the real output increases from Q1 and the price level decreases from P1, there should have been a:
A) shift of the aggregate supply curve from AS1 to AS2.
B) shift of the aggregate supply curve from AS1 to AS3.
C) movement along the aggregate demand curve from e1 to e2.
D) movement along the aggregate demand curve from e3 to e1.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: An increase in imports (independently of a
Q95: Other things equal, an increase in productivity
Q111: When the price level decreases,<br>A)the demand for
Q112: A rightward shift in the aggregate supply
Q143: Refer to the diagram below.If the initial
Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" If real output
Q164: A movement upward along an existing aggregate
Q184: Suppose that real domestic output in an
Q193: A firm is concerned that if it
Q197: The long-run aggregate supply curve is vertical:<br>A)because