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-Refer to the Graph in the Exhibit

Question 19

Multiple Choice

-Refer to the graph in the exhibit.Suppose the economy is at point M.What will be the effect on the short-run supply curve, assuming no government intervention?   A)  The slope of the short-run supply curve will become steeper.  B)  The short-run supply curve will shift right.  C)  The short-run supply curve will NOT shift.  D)  The short-run supply curve will shift to SRS₁₀₉ and the expansionary gap will be eliminated.
-Refer to the graph in the exhibit.Suppose the economy is at point M.What will be the effect on the short-run supply curve, assuming no government intervention?  


A)  The slope of the short-run supply curve will become steeper. 
B)  The short-run supply curve will shift right. 
C)  The short-run supply curve will NOT shift. 
D)  The short-run supply curve will shift to SRS₁₀₉ and the expansionary gap will be eliminated.

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