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Exhibit 8-4 -Refer to Exhibit 8-4.A Shift in Short-Run Aggregate Supply from Aggregate

question 101

Multiple Choice

Exhibit 8-4 Exhibit 8-4 -Refer to Exhibit 8-4.A shift in short-run aggregate supply from SRAS<sub>1</sub> to SRAS<sub>2</sub> would have been the result of A) a decrease in the price level. B) an increase in the price level. C) an adverse supply shock. D) a beneficial supply shock.
-Refer to Exhibit 8-4.A shift in short-run aggregate supply from SRAS1 to SRAS2 would have been the result of

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