Exhibit 8-4

-Refer to Exhibit 8-4. A shift in short-run aggregate supply from SRAS? to SRAS? 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.

Question

Exhibit 8-4
 
-Refer to Exhibit 8-4. A shift in short-run aggregate supply from SRAS? to SRAS? 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.

Quizplus · Accepted Answer

The Answer of Exhibit 8-4
 
-Refer to Exhibit 8-4. A shift in short-run aggregate supply from SRAS? to SRAS? 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.

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