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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The Answer of 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.

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