FIGURE 23-2
-Refer to Figure 23-2. The shift from AS1 to AS2 shown in the diagram is referred to as an)
A) increase in aggregate supply.
B) increase in unit costs.
C) negative aggregate supply shock.
D) positive aggregate supply shock.
E) decrease in unit costs.

Question

FIGURE 23-2
-Refer to Figure 23-2. The shift from AS1 to AS2 shown in the diagram is referred to as an)
A) increase in aggregate supply. 
B) increase in unit costs. 
C) negative aggregate supply shock. 
D) positive aggregate supply shock. 
E) decrease in unit costs.

Quizplus · Accepted Answer

The Answer of  FIGURE 23-2
-Refer to Figure 23-2. The shift from AS1 to AS2 shown in the diagram is referred to as an)
A) increase in aggregate supply. 
B) increase in unit costs. 
C) negative aggregate supply shock. 
D) positive aggregate supply shock. 
E) decrease in unit costs.

FIGURE 23-2 -Refer to Figure 23-2. the Shift from AS1 to AS2