-Refer to the above diagram.When output decreases from Q₁ and the price level increases from P₁,then this change will: A) be caused by a shift in the aggregate supply curve from AS₁ to AS₃. B) be caused by a shift in the aggregate supply curve from AS₂ to AS₁. C) result in a movement along the aggregate demand curve from e₂ to e₁. D) result in a movement along the aggregate demand curve from e₁ to e₂.

Question

Quizplus · Accepted Answer

The Answer of -Refer to the above diagram.When output decreases from Q₁ and the price level increases from P₁,then this change will: A) be caused by a shift in the aggregate supply curve from AS₁ to AS₃. B) be caused by a shift in the aggregate supply curve from AS₂ to AS₁. C) result in a movement along the aggregate demand curve from e₂ to e₁. D) result in a movement along the aggregate demand curve from e₁ to e₂.

-Refer to the Above Diagram