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Figure 35-5

Question 101

Multiple Choice

Figure 35-5 Figure 35-5 -Refer to Figure 35-5. Which of the following events could explain the shift of the aggregate-supply curve from AS<sub>1</sub> to AS<sub>2</sub>? A) A reduction in firms' costs of production B) A reduction in taxes on consumers C) An increase in the price level D) An increase in the world price of oil Figure 35-5 -Refer to Figure 35-5. Which of the following events could explain the shift of the aggregate-supply curve from AS<sub>1</sub> to AS<sub>2</sub>? A) A reduction in firms' costs of production B) A reduction in taxes on consumers C) An increase in the price level D) An increase in the world price of oil
-Refer to Figure 35-5. Which of the following events could explain the shift of the aggregate-supply curve from AS1 to AS2?


A) A reduction in firms' costs of production
B) A reduction in taxes on consumers
C) An increase in the price level
D) An increase in the world price of oil

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