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Question 54

Multiple Choice

-Refer to the graph above to answer this question.Which statement is true of the shift from AS<sub>2</sub> to AS<sub>1</sub>? A) It could be caused by a tax cut. B) It illustrates stagflation. C) It would cause real GDP to rise. D) It illustrates economic growth. E) It could be a result of counter-cyclical monetary policy.
-Refer to the graph above to answer this question.Which statement is true of the shift from AS2 to AS1?


A) It could be caused by a tax cut.
B) It illustrates stagflation.
C) It would cause real GDP to rise.
D) It illustrates economic growth.
E) It could be a result of counter-cyclical monetary policy.

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