Refer to the information provided in Figure 12.4 below to answer the questions that follow. 
Figure 12.4
-Refer to Figure 12.4. If the economy is currently at the intersection of AS and AD, a decrease in AS with no change in AD will cause
Definitions:
AGI
Adjusted Gross Income; an individual's total gross income minus specific deductions, used to determine taxable income on a federal tax return.
Single
A filing status for unmarried taxpayers who do not qualify for any other filing status on their tax return.
American Opportunity Tax Credit
A refund for allowable educational fees paid for a qualifying scholar during their first four years of advanced education.
Qualifying Expenses
Specific expenses that meet criteria set by tax laws or other regulations for deduction or special treatment.
Q9: Demand deposits are included in<br>A) M1.<br>B) M2.<br>C)
Q13: If wages are sticky, an increase in
Q22: In a binding situation,an increase in net
Q41: Which of the following causes a movement
Q52: A decrease in the price of inputs
Q60: All else equal, when output is low,
Q111: Refer to Figure 12.2. The output multiplier
Q192: Crescent City Bank has $200 million in
Q251: Currency is included in<br>A) M1 only.<br>B) M2
Q279: Refer to Figure 13.8. Along SRPC<sub>1</sub>, expected