Refer to the information provided in Figure 13.3 below to answer the questions that follow. Figure 13.3
-Refer to Figure 13.3.Cost-push inflation occurs if
A) the economy moves from Point A to Point B on aggregate supply curve AS1.
B) the economy moves from Point A to Point C on the aggregate supply curve AS1.
C) the aggregate supply curve shifts from AS1 to AS0.
D) the aggregate supply curve shifts from AS1 to AS2.
Correct Answer:
Verified
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