-If the Aggregate Supply Curve Shifted from AS₀ to AS₁,we

question 90

Multiple Choice

-If the aggregate supply curve shifted from AS₀ to AS₁,we could say that:

• A)aggregate supply has increased, equilibrium real output has decreased, and the equilibrium price level has increased
• B)aggregate supply has decreased, equilibrium real output has decreased, and the equilibrium price level has increased
• C)an increase in the amount of real output supplied has occurred
• D)aggregate supply has increased, and the equilibrium price level has risen to 0g
• E)aggregate supply has decreased, equilibrium real output has increased, and the equilibrium price level has decreased

---

Definitions:

Legally Divorced

The formal termination of a marriage by a court or other competent body, restoring the individuals to single status with legal rights to remarry.

Dependent Children

Children who rely on their parents or guardians for financial support and may qualify the supporter for certain tax benefits.

Married Filing Separately

A tax filing status for married couples who choose to file their tax returns separately, which can affect deductions and tax rates.

Personal Exemptions

Deductions taxpayers could claim for themselves and dependents, significantly reduced under the Tax Cuts and Jobs Act of 2017.