Refer to the information provided in Figure 26.3 below to answer ...

[Jramos095]

Question 1

Which of the following would cause the short-run aggregate supply curve to shift to the right?

◦ higher energy prices
◦ an increase in taxes
◦ increases in government regulation
◦ retired workers reentering the labor force

Question 2

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. Hurricane Katrina destroyed a large portion of the infrastructure along the Gulf of Mexico coast. This caused

◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₂.
◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.
◦ the economy to move from Point 
B to Point 
A along 
AS
₁.
◦ the economy to move from Point 
C to Point 
B along 
AS
₁.

[aadams68]

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Answer Preview

Only 49% of students answer this correctly

[jwb375]

Question 1

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. An increase in aggregate supply is represented by

◦ a movement from Point 
B to Point 
A along 
AS
₁.
◦ a movement from Point 
B to Point 
C along 
AS₁.
◦ a shift from 
AS
₁ to 
AS
₂.
◦ a shift from 
AS
₁ to 
AS
₀.

Question 2

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. During the 1980s, many firms in the United States were not investing in new capital. This would have caused

◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.
◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₂.
◦ the economy to move from Point B to Point A along 
AS
₁.
◦ the economy to move from Point C to Point B along 
AS
₁.

[yasmina]

Answer 1

a shift from 
AS
₁ to 
AS
₀.

Answer 2

the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₂.

[jwb375]

Excellent

[yasmina]

Great! Please up vote

[evelyn o bentley]

Question 1

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. A decrease in aggregate supply is represented by

◦ a movement from Point 
B to Point 
A along 
AS
₁.
◦ a movement from Point 
B to Point 
C along 
AS₁.
◦ a shift from 
AS
₁ to 
AS
₂.
◦ a shift from 
AS
₁ to 
AS
₀.

Question 2

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. The increased use of hydraulic fracturing, or fracking, in North Texas has significantly reduced energy prices across the country. This fracking would cause

◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₂.
◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.
◦ the economy to move from Point 
B to Point 
A along 
AS
₁.
◦ the economy to move from Point 
C to Point 
B along 
AS
₁.

[bigcheese9]

Answer 1

a shift from 
AS
₁ to 
AS
₂.

Answer 2

the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.

[neverstopbelieb]

Question 1

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. A shift from 
AS
₁ to 
AS
₀ represents a(n)

◦ increase in aggregate supply.
◦ decrease in aggregate supply.
◦ increase in aggregate quantity supplied.
◦ decrease in aggregate quantity supplied.

Question 2

Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.





Refer to Figure 26.3. Following the recession of 2008-2009, many firms in the United States eventually began investing in new capital. This increase in investment in new capital would cause

◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.
◦ the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₂.
◦ the economy to move from Point 
B to Point 
A along 
AS
₁.
◦ the economy to move from Point 
C to Point 
B along 
AS
₁.

[ktidd]

Answer 1

increase in aggregate supply.

Answer 2

the short-run aggregate supply curve to shift from 
AS
₁ to 
AS
₀.