-In the figure above, the shift of the aggregate supply curve from AS₁ to AS₂ and the following shift back to AS₁ is called ________. A) a self-correcting mechanism B) a self-fulfilling prophecy C) a self-adjusting mechanism D) a long-run correcting mechanism

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The shift of the aggregate supply curve from AS1 to AS2 and back to AS1 is typically referred to as a self-correcting mechanism, where the economy naturally returns to its long-run equilibrium without external intervention.

-In the Figure Above, the Shift of the Aggregate Supply