Figure 15-2

-Refer to Figure 15-2.Ceteris paribus,an increase in the price level would be represented by a movement from
A) SRAS₁ to SRAS₂.
B) SRAS₂ to SRAS₁.
C) point A to point B.
D) point B to point A.

Question

Figure 15-2
 
-Refer to Figure 15-2.Ceteris paribus,an increase in the price level would be represented by a movement from
A) SRAS₁ to SRAS₂. 
B) SRAS₂ to SRAS₁. 
C) point A to point B. 
D) point B to point A.

Quizplus · Accepted Answer

An increase in the price level, ceteris paribus, would typically result in a movement along the short-run aggregate supply curve, such as from point A to point B.

Figure 15-2 -Refer to Figure 15-2.Ceteris Paribus,an Increase in the Price Level