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Refer to the Graph Above

Question 97

Multiple Choice

Refer to the graph above. A shift from AS<sub>1</sub> to AS<sub>2</sub> would be consistent with what economic event in U.S. history? A) Demand-pull inflation in the late 1960s B) Cost-push inflation in the mid-1970s C) Full-employment in the late 1990s D) Great Recession in 2007-2009 Refer to the graph above. A shift from AS1 to AS2 would be consistent with what economic event in U.S. history?


A) Demand-pull inflation in the late 1960s
B) Cost-push inflation in the mid-1970s
C) Full-employment in the late 1990s
D) Great Recession in 2007-2009

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