Multiple Choice
A decrease in aggregate supply in the short run is
A) reflected in a movement to the left along the AS curve.
B) reflected in a shift to the right in the AS curve.
C) interpreted to mean that less total output will be supplied at any given price level.
D) caused by a decrease in the price level.
E) caused by an increase in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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