Refer to Figure 13.10. Cost-push inflation occurs if     the aggregate supply curve shifts from AS1 to AS2.     the economy moves from Point A to Point C on the aggregate supply curve AS1.     the aggregate supply curve shifts from AS1 to AS0.     the economy moves from Point A to Point B on aggregate supply curve AS1.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Refer to the information provided in Figure 13.10 below to answer the questions that follow.



 

Figure 13.10


Refer to Figure 13.10. Cost-push inflation occurs if
   
the aggregate supply curve shifts from AS1 to AS2.
   
the economy moves from Point A to Point C on the aggregate supply curve AS1.
   
the aggregate supply curve shifts from AS1 to AS0.
   
the economy moves from Point A to Point B on aggregate supply curve AS1.
P4
AS2
AS1
ASo
P2
B
A
AD1
Y2 Y1 Yo
Aggregate output
Y
Price level
Transcribed Image Text:P4 AS2 AS1 ASo P2 B A AD1 Y2 Y1 Yo Aggregate output Y Price level
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