The Figure Below Shows Equilibrium in an Aggregate Demand-Aggregate Supply

question 17

Multiple Choice

The figure below shows equilibrium in an aggregate demand-aggregate supply model.The shift from AS to AS' in this figure represents a(n) :

• A)increase in short-run aggregate supply.
• B)increase in long-run aggregate supply.
• C)decrease in short-run aggregate supply.
• D)decrease in long-run aggregate supply.
• E)decrease in the aggregate quantity demanded.

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