1. A decrease in the price of resources will cause the AS curve to
a. shift outward
b. shift inward
c. become flatter
d. become steeper
2. If this year's price index number for good X is 125 then:
a. good X is currently priced at $125
b. good X is priced at 125% more this year than in the base year
c. good X is priced at 125% more in the base year than in this year
d. good x is priced at 25% more this year than in the base year.