Refer to the information provided in Figure 26.3 below to answer the question(s) that follow. Figure 26.3 -Refer to Figure 26.3. A shift from AS₁ to AS₀ represents a(n) A) increase in aggregate supply. B) decrease in aggregate supply. C) increase in aggregate quantity supplied. D) decrease in aggregate quantity supplied.

Question

Quizplus · Accepted Answer

A shift from AS1 to AS0 represents an increase in aggregate supply because the aggregate supply curve is shifting to the right, indicating that more goods and services are being supplied at every price level.

Refer to the Information Provided in Figure 26