In This Case As1 Represents A Before Curves And As2 Represents An After Curves Imagi 3832290

Please refer to the diagram below representing a hypothetical economy. In this case, AS1 represents a “before” curves and AS2 represents an “after’ curves. Imagine that you have lived through this scenario. What have you likely observed? AS2 AS1 AD1 Real GDP Prices are higher The economy is in recession Unemployment has increased O All the above Price level