What causes a movement of the SRAS curve?

Cards (2)

  • What causes a movement of the SRAS curve?:
    • A rise in the price level causes an extension in aggregate supply
    • A fall in the price level causes a contraction in aggregate supply
  • What causes a movement of the SRAS curve?:
    • A rise in the price level causes an extension in aggregate supply
    • A fall in the price level causes a contraction in aggregate supply