Higher energy costs can explain movement along a given up-sloping short-run aggregate supply curve.

Name: Higher energy costs can explain movement along a given up-sloping short-run aggregate supply curve.
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Question

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Higher energy costs shift the short-run aggregate supply curve to the left, rather than causing movement along the curve. Movement along the curve is typically caused by changes in the aggregate demand.

Higher Energy Costs Can Explain Movement Along a Given Up-Sloping