Use the following to answer questions 31 32 Figure AD AS

Last updated: 12/10/2023

Use the following to answer questions 31 32 Figure AD AS Model II Aggregate price level P LRAS Y potential output SRAS AD Real GDP 31 Figure AD AS Model II If the price level increases which of the following will take place A SRAS curve will shift to the left B SRAS curve will shift to the right C AD curve will shift to the left D None of the answer choices provided will take place 32 Figure AD AS Model II As the size of the labor force increases over time which of the following will take place A LRAS will shift to the right B LRAS will shift to the left C AD curve will shift to the left DY 4D curve will shift to the right