Essentials of Economics 8th Edition by Bradley Schiller

تمرين 2

Draw a conventional aggregate demand curve on a graph. Then add three different aggregate supply
curves, labeled
S₁ : Horizontal curve
S₂ : Upward-sloping curve
S 3 : Vertical curve
all intersecting the AD curve at the same point. If AD were to increase (shift to the right), which AS curve would lead to
( a )The biggest increase in output?
( b )The largest jump in prices?
( c )The least inflation?