Multiple Choice
Use the following to answer question 108:
Figure: Aggregate Supply Movements
-(Figure: Aggregate Supply Movements) Refer to Figure: Aggregate Supply Movements. Which statement is correct?
A) An increase in the price level is responsible for pushing the curve to the right.
B) A decrease in the price level is responsible for pushing the short-run aggregate supply curve to the right.
C) Short-run aggregate supply has increased.
D) Short-run aggregate supply has decreased.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: If prices are constant, but the value
Q35: When aggregate demand decreased between 1929 and
Q36: Use the following to answer questions:<br>Figure: Aggregate
Q37: Aggregate demand will shift to the RIGHT
Q38: The short run in macroeconomic analysis is
Q40: According to the long-run aggregate supply curve,
Q41: Inflationary and recessionary gaps are closed by
Q42: An increase in investment spending leads to
Q43: An inflationary gap occurs if:<br>A) actual real
Q44: If actual GDP is less than potential