Multiple Choice
The figure below shows equilibrium in an aggregate demand-aggregate supply model. The shift from AS to AS' in this figure represents a(n) :
A) increase in short-run aggregate supply.
B) increase in long-run aggregate supply.
C) decrease in short-run aggregate supply.
D) decrease in long-run aggregate supply.
E) decrease in the aggregate quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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