Price Level AD a b c Real GDP Refer to the figure above. If the aggregate supply curve shifted from ASo to AS1, we could say that: aggregate supply has increased, and the equilibrium price level has risen to 0g an increase in the amount of real output supplied has occurred aggregate supply has increased, equilibrium real output has decreased, and the equilibrium price level has increased aggregate supply has decreased, equilibrium real output has increased, and the equilibrium price level has decreased aggregate supply has decreased, equilibrium real output has decreased, and the equilibrium price level has increased Previous Page Next Page Page 5 of 20 DELL F1 F4 F5 F7 F8 F2 F3 F6 K DII O