Exhibit 10.3 -Refer to Exhibit 10.3, Which Shows an Aggregate Demand-Aggregate Supply

Multiple Choice

Exhibit 10.3

-Refer to Exhibit 10.3, which shows an aggregate demand-aggregate supply model. The shift from AS to AS' 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.