A) be caused by a shift in the aggregate supply curve from A $\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 2 }$
B) be caused by a shift in the aggregate supply curve from A $\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 3 }$
C) result in a movement along the aggregate demand curve from $e _ { 1 } \text { to } e _ { 2 }$
D) result in a movement along the aggregate demand curve from $e _ { 3 } \text { to } e _ { 1 } \text {. }$

Question

A) be caused by a shift in the aggregate supply curve from A $\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 2 }$ 
B) be caused by a shift in the aggregate supply curve from A $\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 3 }$ 
C) result in a movement along the aggregate demand curve from $e _ { 1 } \text { to } e _ { 2 }$ 
D) result in a movement along the aggregate demand curve from $e _ { 3 } \text { to } e _ { 1 } \text {. }$

Quizplus · Accepted Answer

A shift in the aggregate supply curve from A 11eb912e_9e86_3269_b576_0d6427f901b9_TB8601_11 would result in a change in both the price level and output. This is because the aggregate supply curve shows the relationship between the price level and the quantity of goods and services that firms are willing and able to supply. A shift in the aggregate supply curve means there has been a change in the factors that affect production, such as changes in input prices, technology, or regulations, resulting in either an increase or decrease in the quantity supplied at every given price level. As a result, the new intersection of the aggregate supply and aggregate demand curves would lead to a change in both the equilibrium price level and the equilibrium level of real GDP.

A) Be Caused by a Shift in the Aggregate Supply AS1 to AS2\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 2 }AS1​ to AS2​

A) Be Caused by a Shift in the Aggregate Supply $\mathrm { AS } _ { 1 } \text { to } \mathrm { AS } _ { 2 }$