23. At points on the short-run aggregate supply to the right of the long-run agg

Question

23. At points on the short-run aggregate supply to the right of the long-run aggregate supply curve, resources are:
A) overutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left). B) overutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right).
C) underutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left). D) underutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right).

Explanation / Answer

Answer: C) underutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left).

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