-In the figure above, output levels below Y_n will cause the aggregate ________ function to shift to the ________. A) supply; right B) supply; left C) demand; left D) A and C only

Question

Quizplus · Accepted Answer

When output levels are below the natural level of output (Yn), it typically indicates underutilization of resources, which can lead to lower production costs and increased supply, causing the aggregate supply curve to shift to the right.

-In the Figure Above, Output Levels Below Yn Will Cause

-In the Figure Above, Output Levels Below Y_n Will Cause