The following graph shows a decrease in short-run aggregate supply (AS) in a hypothetical economy where the currency is

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The Following Graph Shows A Decrease In Short Run Aggregate Supply As In A Hypothetical Economy Where The Currency Is 1 (27.51 KiB) Viewed 34 times

The following graph shows a decrease in short-run aggregate supply (AS) in a hypothetical economy where the currency is the dollar. Specifically, the short-run aggregate supply curve shifts to the left from AS₁ to AS₂, causing the quantity of output supplied at a price level of 100 to fall from $200 billion to $150 billion. 200 175 150 125 K 100 75 50 25 PRICE LEVEL 0 0 50 AS AS, 100 150 200 250 300 350 400 QUANTITY OF OUTPUT The following table lists several determinants of short-run aggregate supply. Inflation expectations Human capital Technology ? Fill in the table by indicating the changes in the determinants necessary to decrease short-run aggregate supply. Change Needed to Decrease AS