Figure 33-2. -Refer to Figure 33-2.The Shift of the Short-Run Aggregate-Supply Curve

question 283

Multiple Choice

Figure 33-2.
-Refer to Figure 33-2.The shift of the short-run aggregate-supply curve from AS₁ to AS₂

• A) could be caused by an outbreak of war in the Middle East.
• B) could be caused by a decrease in the expected price level.
• C) causes the economy to experience an increase in the unemployment rate.
• D) causes the economy to experience stagflation.

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John Adams

The second President of the United States (1797-1801), a Founding Father, and a key figure in the American Revolution and the drafting of the United States Constitution.

Rufus King

An American lawyer, politician, and diplomat who was a signer of the United States Constitution and a senator from New York.

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