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-Refer to the Above Diagram

Question 50

Multiple Choice

-Refer to the above diagram.If the aggregate supply curve shifted from AS<sub>0</sub> to AS<sub>1</sub>,we could say that: A) aggregate supply has increased,equilibrium output has decreased,and the price level has increased. B) aggregate supply has decreased,equilibrium output has decreased,and the price level has increased. C) an increase in the amount of output supplied has occurred. D) aggregate supply has increased and the price level has risen to G.
-Refer to the above diagram.If the aggregate supply curve shifted from AS0 to AS1,we could say that:


A) aggregate supply has increased,equilibrium output has decreased,and the price level has increased.
B) aggregate supply has decreased,equilibrium output has decreased,and the price level has increased.
C) an increase in the amount of output supplied has occurred.
D) aggregate supply has increased and the price level has risen to G.

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