-According to the above figure,,then the supply curve will
Definitions:
Decrease
A reduction in the quantity, size, or extent of something.
Output Levels
The quantities of goods and services produced by an economy over a specific time period.
Recessionary Gap
A situation where actual economic output is lower than the output that would be achieved at full employment, indicating underutilized resources.
Short-Run Aggregate Supply Curve
A graphical representation showing the relationship between the total production of goods and services and the price level for output in the short-run, acknowledging some input prices are fixed.
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