A Decrease in Aggregate Supply in the Short Run Is

question 4

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.

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