-Refer to the graph in the exhibit.Suppose the economy is at point M.What will be the effect on the short-run supply curve, assuming no government intervention?
A) The slope of the short-run supply curve will become steeper.
B) The short-run supply curve will shift right.
C) The short-run supply curve will NOT shift.
D) The short-run supply curve will shift to SRS₁₀₉ and the expansionary gap will be eliminated.

Question

-Refer to the graph in the exhibit.Suppose the economy is at point M.What will be the effect on the short-run supply curve, assuming no government intervention?  
A) The slope of the short-run supply curve will become steeper. 
B) The short-run supply curve will shift right. 
C) The short-run supply curve will NOT shift. 
D) The short-run supply curve will shift to SRS₁₀₉ and the expansionary gap will be eliminated.

Quizplus · Accepted Answer

The Answer of 
-Refer to the graph in the exhibit.Suppose the economy is at point M.What will be the effect on the short-run supply curve, assuming no government intervention?  
A) The slope of the short-run supply curve will become steeper. 
B) The short-run supply curve will shift right. 
C) The short-run supply curve will NOT shift. 
D) The short-run supply curve will shift to SRS₁₀₉ and the expansionary gap will be eliminated.

-Refer to the Graph in the Exhibit