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

Verified
Correct Answer:
Verified
Q153: Which of the following shifts the aggregate
Q154: Which of the following statements is true?<br>A)An
Q155: The aggregate supply curve shifts rightward when<br>A)potential
Q156: The quantity of real GDP supplied increases
Q157: By itself,a supply shock,such as a hike
Q159: A crisis in the Middle East drastically
Q160: The aggregate supply curve is a(n)_ curve
Q161: In a demand-pull inflation,money wage rates rise
Q162: Which of the following produces a movement
Q163: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" The figure above