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Refer to Figure 18

Question 24

Multiple Choice

Refer to Figure 18.2.Which of the following is not consistent with a shift from AS<sub>2</sub> to AS<sub>1</sub>? A) Stagflation. B) A major natural disaster such as an earthquake. C) An inward shift of the production possibilities curve. D) A decrease in business taxes. Refer to Figure 18.2.Which of the following is not consistent with a shift from AS2 to AS1?


A) Stagflation.
B) A major natural disaster such as an earthquake.
C) An inward shift of the production possibilities curve.
D) A decrease in business taxes.

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