Figure 9-1

-Refer to Figure 9-1.What would a shift from SRAS₀ to SRAS₁ indicate?
A)cost-push inflation
B)increasing SRAS
C)demand-pull inflation
D)increasing aggregate demand

Question

Figure 9-1
 
-Refer to Figure 9-1.What would a shift from SRAS₀ to SRAS₁ indicate?
A)cost-push inflation 
B)increasing SRAS 
C)demand-pull inflation 
D)increasing aggregate demand

Quizplus · Accepted Answer

A shift from SRAS₀ to SRAS₁ indicates a leftward shift in the short-run aggregate supply curve, which is typically associated with cost-push inflation due to increased production costs.

Figure 9-1 -Refer to Figure 9-1.What Would a Shift from SRAS₀ to Shift