In the short run, the price level is determined primarily by the supply of goods.

Name: In the short run, the price level is determined primarily by the supply of goods.
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Question

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In the short run, the price level is primarily determined by the interaction of both supply and demand for goods and services. Factors such as changes in production costs, input prices, and consumer spending can also influence the price level.

In the Short Run, the Price Level Is Determined Primarily