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-Refer to the Above Diagram

Question 16

Multiple Choice

-Refer to the above diagram. Cost-push inflation can be illustrated by a: A) shift in the aggregate supply curve from AS<sub>1</sub> to AS<sub>2</sub>. B) shift in the aggregate supply curve from AS<sub>1</sub> to AS<sub>3</sub>. C) shift in the aggregate supply curve from AS<sub>2</sub> to AS<sub>3</sub>. D) movement along the aggregate demand curve from e<sub>1</sub> to e<sub>3</sub>.
-Refer to the above diagram. Cost-push inflation can be illustrated by a:


A) shift in the aggregate supply curve from AS1 to AS2.
B) shift in the aggregate supply curve from AS1 to AS3.
C) shift in the aggregate supply curve from AS2 to AS3.
D) movement along the aggregate demand curve from e1 to e3.

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