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How Are the Effects of an Increase in the Price

Question 135

Multiple Choice

How are the effects of an increase in the price level that is less than expected shown in the aggregate demand and aggregate supply model?


A) by shifting the short-run aggregate-supply curve right
B) by shifting the short-run aggregate-supply curve left
C) by moving to the right along a given aggregate-supply curve
D) by moving to the left along a given aggregate-supply curve

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