Multiple Choice
The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model. Which of the following changes is depicted by the movement from Y1 to Y2?
A) An increase in long-run aggregate supply
B) An increase in short-run aggregate supply
C) A decrease in short-run aggregate supply
D) A decrease in long-run aggregate supply
E) An increase in the aggregate quantity demanded
Correct Answer:
Verified
Correct Answer:
Verified
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