Multiple Choice
When short-run aggregate supply decreases, it means that the short-run aggregate supply curve shifts to the _____ and the quantity of aggregate output that producers are willing to supply _____.
A) right; decreases
B) right; increases
C) left; decreases
D) left; increases
Correct Answer:

Verified
Correct Answer:
Verified
Q19: When short-run aggregate supply increases, it means
Q20: The short-run aggregate supply curve slopes upward
Q21: The aggregate demand curve would NOT shift
Q22: As an inflationary gap self-corrects, the equilibrium
Q23: The aggregate supply curve shows the relationship
Q25: The economy is self-correcting in the long
Q26: The short-run aggregate supply curve will shift
Q27: An increase in the aggregate price level
Q28: Assuming that prices remain constant, suppose that
Q29: According to the aggregate demand curve, when