Multiple Choice

-If the aggregate supply curve shifted from AS0 to AS1,we could say that:
A) aggregate supply has increased, equilibrium real output has decreased, and the equilibrium price level has increased
B) aggregate supply has decreased, equilibrium real output has decreased, and the equilibrium price level has increased
C) an increase in the amount of real output supplied has occurred
D) aggregate supply has increased, and the equilibrium price level has risen to 0g
E) aggregate supply has decreased, equilibrium real output has increased, and the equilibrium price level has decreased
Correct Answer:
Verified
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