Refer to the diagram given below. If aggregate supply shifts from AS₁ to AS₂, then the price level will: A)increase and real domestic output will increase. B)decrease and real domestic output will increase. C)increase and real domestic output will decrease. D)decrease and real domestic output will decrease.

Question

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The Answer of Refer to the diagram given below. If aggregate supply shifts from AS₁ to AS₂, then the price level will: A)increase and real domestic output will increase. B)decrease and real domestic output will increase. C)increase and real domestic output will decrease. D)decrease and real domestic output will decrease.

Refer to the Diagram Given Below