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A Shift from LRAS1 to LRAS2 in Figure 17

Question 103

Multiple Choice

A shift from LRAS<sub>1</sub> to LRAS<sub>2</sub> in Figure 17.6 indicates that A) Aggregate demand has decreased. B) The price level has increased. C) The capacity of the economy has increased. D) LRAS has decreased. A shift from LRAS1 to LRAS2 in Figure 17.6 indicates that


A) Aggregate demand has decreased.
B) The price level has increased.
C) The capacity of the economy has increased.
D) LRAS has decreased.

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