Which of the following is implied by a rightward shift in the economy's AS curve?
A)At any given price level,a lower level of output will be supplied.
B)At any given price level,a higher level of output will be supplied.
C)There is a decrease in aggregate supply.
D)There is a demand shock.
E)The same output will be produced,but only at a higher price level.

Question

Quizplus · Accepted Answer

A rightward shift in the economy's AS curve indicates an increase in aggregate supply. This means that at any given price level, a higher level of output can be supplied, as firms are able to produce more goods and services.

Which of the Following Is Implied by a Rightward Shift