2 Causes Output To Fall In The Short Run Long Run Aggregate Supply B Price Level A P P 0 134 X C Short Run Aggrega 1 (42.85 KiB) Viewed 37 times
2 Causes Output To Fall In The Short Run Long Run Aggregate Supply B Price Level A P P 0 134 X C Short Run Aggrega 2 (32.89 KiB) Viewed 37 times
2....causes output to fall in the short run Long-run aggregate supply B Price Level A P₂ P₂ 0 134 X₁ C Short-run aggregate supply, AS₁ AS₂ 3.... but over time, the short-run aggregate-supply curve shifts... 1. A decrease in aggregate demand... Aggregate demand, AD₁ AD₂ 4.... and output returns to its natural level. Quantity of Output
Price Level 3.... and the price level to rise. 0 2....causes output to fall... 1/2₂ - 1₁ Long-run aggregate supply 1. An adverse shift in the short- run aggregate-supply curve... AS₂ Short-run aggregate supply, AS₁ Aggregate demand Quantity of Output
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