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

question 101

Multiple Choice

Exhibit 8-4
-Refer to Exhibit 8-4.A shift in short-run aggregate supply from SRAS₁ to SRAS₂ 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.

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