Which of the Following Is Implied by a Leftward Shift

question 70

Multiple Choice

Which of the following is implied by a leftward shift in the economy's AS curve?

• A)There is an increase in aggregate supply.
• B)There is a demand shock.
• C)At any given price level,a lower level of output will be supplied.
• D)At any given price level,a higher level of output will be supplied.
• E)The same output will be produced in equilibrium,but at a lower price level.

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Definitions:

Nasogastric

Relating to or involving the nose and the stomach, especially a tube that goes from the nose to the stomach for feeding or medication.

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.

GB

Commonly used as an abbreviation for Gallbladder, an organ that stores bile produced by the liver.

Gallbladder

A small, pear-shaped organ located beneath the liver that stores and concentrates bile, a digestive fluid produced by the liver.