-Refer to the Above Diagram

question 50

Multiple Choice

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

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

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