Unformatted text preview: E) supply of labour inputs in the economy. ^—\ 4) A decrease in short run aggregate supply is 4) A) caus'ed by a decrease in the price level. B) reflected in a shift to the right in the AS curve. C) reflected in a shift to the left in the AS curve. D) caused by an increase in the price level. E) interpreted to mean that more national output will be supplied at any given price level. 5) Over the horizontal range of the short run AS, a rightward shift of the AD curve will result in 5) A) a decrease in both real GDP and prices. B) an increase in real GDP and no change in prices. C) a decrease in real GDP but no change in prices. D) an increase in prices and no change in real GDP. E) an increase in both real GDP and prices....
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- Summer '09
- Economics, price level, AD curves