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Refer to the Graph Shown

Question 177

Multiple Choice

Refer to the graph shown. If the price level is P0 the: Refer to the graph shown. If the price level is P<sub>0</sub> the: A) short-run aggregate supply curve will shift up (to the left) in the long run to restore equilibrium. B) short-run aggregate supply curve will shift down (to the right) in the long run to restore equilibrium. C) aggregate demand curve will shift up in the long run to restore equilibrium. D) aggregate demand curve will shift down in the long run to restore equilibrium.


A) short-run aggregate supply curve will shift up (to the left) in the long run to restore equilibrium.
B) short-run aggregate supply curve will shift down (to the right) in the long run to restore equilibrium.
C) aggregate demand curve will shift up in the long run to restore equilibrium.
D) aggregate demand curve will shift down in the long run to restore equilibrium.

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