Multiple Choice
If the costs of production decrease,there is
A) an increase in the quantity of real GDP supplied and a movement up along the AS curve.
B) an increase in aggregate supply and the AS curve shifts rightward.
C) a decrease in the quantity of real GDP supplied and a movement down along the AS curve.
D) an increase in aggregate supply and the AS curve shifts leftward.
E) a decrease in aggregate supply and the AS curve shifts leftward.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Demand-pull inflation starts with<br>A)an increase in aggregate
Q18: When the price level rises and the
Q20: A fall in the price level brings
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -In the figure
Q23: In the short run,a rise in the
Q27: Cost-push inflation starts with<br>A)an increase in potential
Q40: If investment spending increases by $1 million,
Q61: The aggregate demand multiplier effect says that
Q66: The aggregate supply curve shifts rightward when<br>A)
Q80: At a peak in the business cycle,