Figure 33-9.
-Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS₁.A decrease in short-run aggregate supply would be consistent with the movement to

Question

Figure 33-9. Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS1.A decrease in short-run aggregate supply would be consistent with the movement to A) P1,Y1. B) P2,Y1. C) P1,Y2. D) P3,Y2.

Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS<sub>1</sub>.A decrease in short-run aggregate supply would be consistent with the movement to A) P<sub>1</sub>,Y<sub>1</sub>. B) P<sub>2</sub>,Y<sub>1</sub>. C) P<sub>1</sub>,Y<sub>2</sub>. D) P<sub>3</sub>,Y<sub>2</sub>.

-Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS₁.A decrease in short-run aggregate supply would be consistent with the movement to

Quizplus · Accepted Answer

A decrease in short-run aggregate supply shifts the SRAS curve to the left, leading to a higher price level (P2) and the same output level (Y1) as the economy moves along the AD curve.

Figure 33-9. -Refer to Figure 33-9.Suppose the Economy Starts Where LRAS =