According to the IS-MP-PC model, a decrease in the long-run level of output causes
A)an upward shift of the AS curve.
B)an upward shift of the AD curve.
C)a downward shift of the AS curve.
D)none of the above.

Question

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The Answer of According to the IS-MP-PC model, a decrease in the long-run level of output causes
A)an upward shift of the AS curve.
B)an upward shift of the AD curve.
C)a downward shift of the AS curve.
D)none of the above.

According to the IS-MP-PC Model, a Decrease in the Long-Run