A leftward shift in the aggregate supply curve
A. is the result of the Fed increasing the quantity of money.
B. is the result of a rise the price of a key resource.
C. is the result of consumer expenditures exceeding available output.
D. increases both the price level and real GDP.
Answer:B
A leftward shift in the aggregate supply curve
A. is the result of the Fed increasing the quantity of money. B. is the result of a rise the price of a key resource. C. is the result of consumer expenditures exceeding available output. D. increases both the price level and real GDP.