Figure 24-2 -Refer to Figure 24-2. Ceteris Paribus, an Increase in the Increase

Multiple Choice

Figure 24-2
-Refer to Figure 24-2. Ceteris paribus, an increase in the number of workers and firms adjusting to having previously overestimated the price level would be represented by a movement from

A) SRAS₁ to SRAS₂.
B) SRAS₂ to SRAS₁.
C) point A to point B.
D) point B to point A.